ATHENS, Greece (AP) — Greece will have to take fresh austerity measures, the debt-ridden country's finance minister said Wednesday, a day after Athens moved a step closer to getting the vital bailout funds it needs to avoid a disastrous default next month.
"We have to take supplementary measures ... because of the recession, because of the difficult task, and the weakness of the central administration have not produced the required results," Evangelos Venizelos said in Parliament ahead of a Cabinet meeting.
Angering more people isn't going to work. The whole "austerity" thing in Europe has been a complete failure.. doing more of it will just compound the error.
Argentina "defaulted" on it's debt, and got their situation sorted quickly and are doing fine now. Greece should just default and leave the EU. What would anyone do about it?
Nothing...
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