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As he spoke, Schäuble directed a piercing look at Sapin. ‘Elections cannot be
allowed to change economic policy,’ he began. Greece had obligations that
could not be reconsidered until the Greek programme had been completed, as
per the agreements between my predecessors and the troika. The fact t…

[...] his theory that the ‘overgenerous’ European social model was no
longer sustainable and had to be ditched. Comparing the costs to Europe of
maintaining welfare states with the situation in places like India and China,
where no social safety net exists at all, he argued that Europe was losin…

[...] his theory that the ‘overgenerous’ European social model was no
longer sustainable and had to be ditched. Comparing the costs to Europe of
maintaining welfare states with the situation in places like India and China,
where no social safety net exists at all, he argued that Europe was losin…

‘I agree,’ Thomsen replied laconically.

[...] Since 2010 the troika had been promising the Greeks that the silver lining to the cloud of wage cuts would be a growth in exports, as the reduction in the costs to business within Greece would increase its competitiveness. By the end of 2014 the troika and the government were on an I-told-you…