First of all, I quite often encounter people who claim that Greece - TopicsExpress

First of all, I quite often encounter people who claim that Greece never really did austerity. I guess this is based on national stereotypes, or something, because the numbers are actually awesome. Here’s non-interest spending as projected in the original agreement versus actual spending since 2010. Because the troika kept increasing its demands, Greek spending has ended up far lower – austerity has been far more intense – than anything envisaged at the beginning. krugman.blogs.nytimes/2015/01/25/the-greek-stand-by-arrangement/

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