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Greek Deal: More Pain for Workers, No End to Europe’s Crisis

Submitted on February 22, 2012

By Julie Hyland - 22 February 2012

The €130 billion-plus (US$172 billion) package of loans agreed by euro zone finance ministers will not protect Greece from bankruptcy. It merely postpones the inevitable, while European and international finance capital use Greece as a testing ground for their scorched-earth policy of savage austerity being rolled out across the continent.

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