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Eurozone financial institutions have sought to impose Latvia’s “model” austerity on Ireland, Spain and Portugal – and most of all, on Greece, which is being made an object lesson of how creditor powers will treat countries that try to extricate themselves from debt, unemployment, privatization, emigration and demographic collapse.

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Michael Hudson Quote: “Eurozone financial institutions have sought to impose Latvia’s “model” austerity on Ireland, Spain and Portugal – and most of all, on Greece, which is being made an object lesson of how creditor powers will treat countries that try to extricate themselves from debt, unemployment, privatization, emigration and demographic collapse.”
Michael Hudson Quote: “Eurozone financial institutions have sought to impose Latvia’s “model” austerity on Ireland, Spain and Portugal – and most of all, on Greece, which is being made an object lesson of how creditor powers will treat countries that try to extricate themselves from debt, unemployment, privatization, emigration and demographic collapse.”
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