If Greece’s default isn’t arranged by parliament, it will enacted on the streets with bloody consequences

| November 12, 2012 | 0 Comments

The Greek parliament passed an austerity budget yesterday, agreeing to a further €9.4bn of cuts including to all state salaries and pensions. Next year will see the economy shrink for the sixth consecutive year according to government forecasts, declining a further 4.5pc. Unemployment is already at 25pc and, despite spending cuts, state debt will hit […]

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