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Greek Unrest Adds Urgency to Need for Real Debt Relief: View

Greece’s extraordinary efforts to push through harsh austerity measures may soon win it a second bailout package from euro-area governments. But the victory is going to be Pyrrhic if it fails to slow and eventually stop the country’s downward economic spiral.

As European finance ministers Wednesday and push for more concessions from Greece, they have to recognize the depth of the country’s upheaval. Even taking into account the history of rioting in Greece, last weekend’s violence -- in which hooded youths torched as many as 45 buildings in Athens -- marked a dark turn.