The International Monetary Fund package for Greece is likely to make things worse, not better, for the beleaguered economy. And as other European economies show similar signs of a sovereign debt crisis, the situation does not bode well for Europe and the world economy.
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EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.