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That is how deep they went in order to have control of the austerity measures.

And, I gather, the Portuguese have complied well with these 'recommended' measures, so how successful have the Troika's measures been in generating the revenue to pay back the loan?

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Jun 14th, 2012 at 09:35:26 AM EST
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Oh... they sure did. They just love to be caled the "good students".

As for the result, (please act surprised) VAT revenues fell, consumption crashed, businesses closing by the thousands and unemployment soaring. Other than that, austerity is a huge success.

by Euroliberal on Thu Jun 14th, 2012 at 11:14:18 AM EST
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I am so surprised.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Jun 14th, 2012 at 01:13:38 PM EST
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staggering, huh?

The power of knowledge is in mortal combat with the knowledge of power. It really is that simple... That's the Edenic apple we are all munching on.
by melo (melometa4(at)gmail.com) on Thu Jun 14th, 2012 at 08:38:54 PM EST
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I'm shocked, shocked, to find that crashing is going on here.
by rifek on Sun Jun 17th, 2012 at 02:27:01 PM EST
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