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Economy

Source: Eurostat

High stakes in deepening European crisis

10th July 2013 Socialist Action 0

By Nicky Dempsey

Repeated claims that the European crisis is over are entirely false. Among the countries whose creditors have been bailed out the Greek economy is expected to contract sharply again in 2013, the Portuguese centre-right coalition government has threatened to fall apart and Ireland, long touted as the model for a bail-out, has officially gone back into recession.

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