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Austerity has made the crisis worse, say bankers

05.10.12 @ 08:57

  1. By EUOBSERVER

The global association of financial institutions (IIF) has attacked European political leaders over their handling of the Greek crisis, arguing single-minded pursuit of austerity has made the situation worse, reports the Guardian. Europe's most troubled economies need relief from tough short-term fiscal targets to get back to growth, it said.

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