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The High Price of Reform in Greece

Nov 20, 2015 | 19:37 GMT
People stand outside a branch of a Piraeus Bank branch in central Athens.

People stand outside a branch of a Piraeus Bank branch in central Athens.

(THEOPHILE BLOUDANIS/AFP/Getty Images)

The passage of a new set of economic reforms brought with it another pyrrhic victory for Greece. The reforms enable Greece to receive 12 billion euros in bailout money – 10 billion of which will be used to recapitalize Greek banks – but passing them cost the government several seats...

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