Experience Stern | News & Events

Excerpt from Bloomberg -- "The austerity measures worked. In fact, Greece has a balanced budget. It even has a surplus, so that worked very well. The real problem is that people are very unhappy that their incomes have declined. There is a five-year recession and there is a lot of support for an opposition party, which, given the intricacies of the parliamentary system in Greece, might have a chance to be elected in March or so. And that has, of course, slumped the market because that left-wing party doesn't have any reasonable policies."

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