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London Professors Call for Easing of Greek Austerity

Twenty-six members of the faculty at the London School of Economics (LSE) have called for Greece’s creditors to ease the austerity measures they have imposed over the last five years. In an open letter, the professors write, “The institutions have to agree to a relaxation of fiscal austerity, at least until Greece is on the recovery path. Austerity during a recession is the wrong policy as it deepens the recession.” The researchers and professors say more austerity would be bad...

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