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The parliament will vote on Thursday on further austerity measures.
The plan would help avoid the need for further austerity measures.
But Cyprus – equally small and different – is a cautionary tale to justify further austerity.
He warned that further austerity would lead to "an explosion" in Europe.
That implies further austerity measures could be needed, on top of what's already been agreed.
That legislation includes further austerity measure, including income tax hikes, and increases in sales tax.
That means faster growth will not reduce the need for further austerity.
To avert that threat, the government quickly adopted further austerity measures.
A 50% debt write-off is agreed in return for further austerity.
Protests erupted across Greece and demonstrators surrounded the Spanish Parliament to protest further austerity programs.
Further austerity measures were launched as Austria prepared to adopt the single European currency, the euro.
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CEO of Professional Science Editing for Scientists @ prosciediting.com