In 2010, Athens was turned into a lab for austerity. The tidy logic was that Greece lived beyond its means and needed discipline for recovery. What followed was a decade of devastation - GDP contracted, hospitals ran out of medicines
Opinion: Opinion | PM Modi's Austerity Appeal And The Bitter Economics Of 'Sacrifice'
In 2010, Athens was turned into a lab for austerity. The tidy logic was that Greece lived beyond its means and needed discipline for recovery. What followed was a decade of devastation - GDP contracted, hospitals ran out of medicines
Published: 19 May 2026
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