Thursday, September 13, 2012

Tax and Spend

Lost in all the talk of the attacks on the US embassies is news that Greece needs a third bailout.
"Greece will need a third bail-out if it is to avoid running out of cash, according to the country's representative at troika negotiations, as he revealed that only 22pc of the country's planned austerity cuts were implemented last year."
Why not throw worse money after bad?

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