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Thursday, October 27, 2016

With financial markets across the globe nosediving on news that Greek Prime Minister Georgios Papandreou will offer his constituents a referendum on the austerity package contained in a bailout agreement reached last week to save his country from default, most reporters and commentators have failed to consider the undemocratic nature of an austerity package imposed to meet the demands of a multinational government.

But as Bob Kuttner writes in The American Prospect, this isn’t such a hard and dry issue:

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