Brussels, 17/09/2012 (Agence Europe) - Eurogroup wants to set up Portugal and Ireland as perfect examples of successful international bailouts with perfectly justified public spending cuts in return for a financial aid package, despite the immediate costs to society. As far as the international lenders are concerned, success is measured in terms of respect of budgetary obligations; pursuit of structural reforms; and gradually being able to borrow from the markets unaided again.
After the...