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Why Greece Can’t Fulfill Bailout’s Terms

Bershidsky,  Leonid, (2015), “Why Greece Can’t Fulfill Bailout’s Terms”, Bloomberg View, 18 August

The debate about the third Greek bailout centers on its political divisiveness and the sustainability of the country’s debt. More important, however, may be the country’s ability to stay any kind of rational economic course, implement reforms and collect taxes. Judging by recent government revenue statistics, the chances of achieving those goals remain remote.

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