'Austerity = poverty, adjustment = exploitation, growth = private profit'

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Battered and bruised by austerity, Athens has begged the EU for 'breathing space'. Regardless of whether Greece is given more time, its tactic to fight debt will remain the same: aggressive austerity, privatization and cuts. However, Andrew Gavin Marshall from the Centre of Research on Globalization thinks those reforms will do much more harm than good.

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