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diminishing hopes for a settlement that would avoid a default on billions of euros that the Mediterranean nation owes following a financial bailout a few years ago.
Others have been critical of the entire Greek bailout process. Daniel Altman, senior economic editor at Foreign policy magazine and an adjunct professor at New york University's Stern School of business, called the bailouts"stupid"in a recent column."
"Let's put aside the debate over whether rescuing Greece was a bad idea in the first place; a complete collapse of its economy might well have led to social unrest and even conflict,
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