ASSESSMENTS
Greece's Austerity Progress and Economic Prospects
Oct 11, 2011 | 12:25 GMT

LOUISA GOULIAMAKI/AFP/Getty Images
Summary
Defying popular perception, Greece has made a great deal of progress in reducing its budget deficit since agreeing to reforms in exchange for a bailout. However, the strategies Athens has used to make this progress are largely unsustainable and will be insufficient to meet further budget reduction targets.
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