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What if… Greece had taxed its shipping barons?

Prospect's counter-factual column

By Vicky Pryce   March 2015

Poseidon, Greek god of the sea. © Ricardo André Frantz

Greece is once again a thorn in Europe’s side. With the radical left-wing Syriza leading a coalition that wants to end austerity and renegotiate the national debt, which now stands at 175 per cent of Gross Domestic Product, it is threatening to cause havoc to the whole euro project. Speculation is rife that it will either be forced to leave the euro or that it may opt for so-called “Grexit.”


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