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Topic - Costas Azariadis
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"With this election, voters in Greece lashed out against fiscal austerity," said Costas Azariadis, an economics professor at Washington University in St. Louis. "Politicians who favored the Northern European model of balanced budgets, labor market reforms and global competitiveness were sent packing. Many voters, especially those working in the public sector, opted to preserve the European welfare state with a strong safety net, good pensions and free medical care."