Greece Slides Back Into Recession Amid Riots, Rewewed “Grexit” Calls

Friday, February 12, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
02/12/2016

As we and quite a few others warned, the new bailout and the attached terms would do exactly nothing to turn the Greek economy around. We’re all for being responsible with the budget but you can’t very well implement fiscal retrenchment during a depression unless you intend to remain in said depression in perpetuity, but alas, that’s exactly what Brussels forced Greece to do and on Friday we learn that the country has slipped back into recession.

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