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Yannis Palaiologos’s “Greece’s Bailout Ends, but Prospects Still Grim” (op-ed, Aug. 20) doesn’t have to be prophesy if Greece continues the more profound change of aligning 20th century public policy and social and economic institutions to 21st century age demography.
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Greece’s recent fiscal meltdown wasn’t caused just by carefree government spending. It was an inevitable result of the country’s aging population, which has long been accustomed to extravagant health care and retirement benefits.
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