Just as Greece complies at last, Europe pulls the plug

Officials from the EU and the International Monetary Fund made two grave
errors when they swooped into Greece in mid-2010.

They thought that private industry would muddle through as the state went through the austerity mincer. What the EU-IMF “Troika” did not fully understand is how many firms were really part of the state in disguise.

Source:
http://www.telegraph.co.uk/finance/financialcrisis/9087653/Just-as-Greece-complies-at-last-Europe-pulls-the-plug.html

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