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Friday, June 7, 2013

IMF Concedes Notable Failures In Handling Greek Bailout

The International Monetary Fund on Wednesday confessed that there had been "notable failures" in dealing with Greece's first bailout program, which was launched in May 2010. The Washington-based lender said in a report that it was too optimistic in its economic assumptions and felt that the debt restructuring should have been attempted at the onset of the crisis. The European Union ...

READ THE ORIGINAL POST AT www.greekherald.com