Greece begins EU presidency by saying austerity policies are intolerable

January 9, 2014

Greece kicked off six months in charge of the European Union on Wednesday declaring that the imposition of austerity, spending cuts and fiscal policy by Berlin and Brussels could no longer be tolerated.

Coinciding with a growing backlash across the EU against the austerity policies mainly scripted in Berlin, the start of Greece’s EU presidency reinforced the isolation of German chancellor Angela Merkel, who has dominated the policy response to the EU crisis for the past four years.

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