From CNBC. According to Finance Minister Yannis Stournaras:
No austerity measures are needed. They are dangerous; we should let the
automatic stabilizers work. We are willing to take structural measures
with a fiscal impact, but not austerity measures.
Another quote:
Greece has achieved tremendous progress up to now, people have made huge
sacrifices, so we have to be very careful now what kind of measures we
implement to close the fiscal gap, if any.
I can't disagree with the guy. The average Greek has made a huge sacrifice over the last 5 years with little or no progress made as Germany refuses to allow a little more inflation within it's boards to compensate for the deflation that is occurring with the countries around the Mediterranean.
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