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The Troika needs a haircut! | Federation of Young European Greens
http://www.fyeg.org/news/troika-needs-haircut
Sometimes a haircut* makes things worse. Sometimes it doesnt!
*The new Greek government, lead by SYRIZA and including the Greek Greens, aims to end austerity and negotiate a "haircut" for the Troika. This means that part of the Greek sovereign debt would be cancelled, allowing the government to invest in the economy, improve the situation and then pay off the rest of the debt, instead of the current path where more austerity worsens social and economic conditions and makes the debt problem even worse.