If Italy deteriorates, Spain would likely follow, and even greater pressure would be placed on France, which already has initiated an austerity program to preserve its AAA rating.

如果意大利倒下，西班牙很可能也步其后尘，即便是为了保护自己三a评级而采取紧缩措施的法国，届时也会面临更大压力。

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That back-and-forth produced a compromise: bilateral loans from EU countries, IMF assistance and a strict austerity program.

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However, Sweden is sticking to a fiscal austerity program that has coincided with a rapidly growing economy.

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Greece is suffering under a harsh government austerity program and businesses are being crippled by a lack of competitiveness.

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