Greek economy shrinks further EU hits back at IMF over bailout

Greece’s economy continues to contract. It shrank 5.6 percent between January and March from the same period last year. It was the 19th straight quarter of decline and followed a 5.7 percent slump in the fourth quarter of 2012. Greece is stuck in a spiral of falling consumption and investment. Athens has blamed the austerity measures forced on it by the European Union and the ...

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