How Greek austerity has stoked inequality
A new study, Greece: solidarity and adjustment in times of crisis, shows that the impact of the austerity and structural adjustment policies applied in Greece between 2008 and 2013, since 2010 through loan conditions imposed by the Troika (IMF-European Commission-ECB) have been overwhelmingly borne by lower-income households, resulting in a sharp increase in income inequality. Among other…