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I am amazed at how much of the Thessaloniki program they got into what was just passed.

The remaining problem is that they can't do expansionary fiscal policies, which everybody and Greece in particular would need. But hey, for a four month period it is not a bad program at all, and it gives much more time to plan the next step.

As I see it, Greece called the Eurogroups bluff and won.

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by A swedish kind of death on Tue Feb 24th, 2015 at 10:49:48 AM EST
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