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EDITORIAL

Eurozone leaders must accept that austerity for Greece won't work

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The eurozone may have bought itself a respite - and a few months of valuable time - after its finance ministers provisionally agreed to a deal on Greek debt. Greece's sovereign debt stands at more than 320 billion euros (S$490 billion), and the current 240 billion euro bailout package was due on Saturday.

THE eurozone may have bought itself a respite - and a few months of valuable time - after its finance ministers provisionally agreed to a deal on Greek debt. Greece's sovereign debt stands at more than 320 billion euros (S$490 billion), and the current 240 billion euro bailout package was due on