The Main Economic Objection to the Austerity Plan Attached to the Bailout

The main economic objection to the austerity plan attached to the bailout of the Greek government during the global financial crisis was that

A) reductions in government spending to balance the budget can make recessions worse.
B) the plan was imposed on Greece by Germany.
C) the Greek government debt is still unlikely to be repaid.
D) the required cuts in pensions were not passed in a referendum.
E) the increase in taxation made it harder for Greece to borrow from foreign creditors.

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