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The Logic and Fairness of Greece’s Program

Blanchard, Olivier, (2012), ‘The Logic and Fairness of Greece’s Program’, blog-imfdirect.imf.org, 20 Μαρτίου.

Some countries have been able to work down heavy public debt burdens. Those that were successful did it through sustained high growth. But in
Greece’s case, it had become clear that high growth—let alone sustained high growth—was not going to come soon enough.