Sentences with phrase «requires harsh austerity»
Greece has been unable to form a coalition government since voters gave support to political parties that want to cancel or renegotiate the terms of a massive financial bailout by international lenders that requires harsh austerity measures.
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According to early reports, this Memorandum cover the Greece's financing needs for the next three years, but will require the harshest set of austerity measures of the three fiscal adjustment programmes to date.