The EU is the reason why austeritymania is out of control.
Wrong.
Austeritymania is something that has been preached by western first world countries to poor third world countries around the world for decades. It was out of control a long time ago. Asking public school teachers who retired at 50 to accept a reasonable pension and having wealthy Greeks with yachts actually pay some taxes is mild compared to what we asked third world countries to do. I think Europeans and Americans bitching about paying taxes and accepting reasonable cuts is the height of arrogance and hypocrisy.
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