What Does "Keep a Lid on Spending" Mean to the NYT and the Troika?

That's the question that millions of readers of the NYT will be asking after seeing an analysis of the deal between Greece and the European Union that told readers:


"Moreover, the finance ministers made clear that Greece will not get any more cash until it satisfies them it can keep a lid on spending."


In fact, Greece has already cut government spending by almost 15 percent in real terms from 2008 to 2014, according to the International Monetary Fund (I.M.F.). This spending cut is equal to al...

 •  0 comments  •  flag
Share on Twitter
Published on February 22, 2015 14:10
No comments have been added yet.


Dean Baker's Blog

Dean Baker
Dean Baker isn't a Goodreads Author (yet), but they do have a blog, so here are some recent posts imported from their feed.
Follow Dean Baker's blog with rss.