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Monday, June 10, 2013

IMF Says Another Greek Bailout Necessary

six short months ago (before GGBs rallied 119% and the Athens Stock Index 53%), the EU and IMF agreed on Greek Debt/GDP targets , pronounced the nation ';fixed';, and went on winter vacation. Well, surprise, the hockey-stick of expected GDP has not come to pass and now, as Der Spiegel reports, the IMF is refusing to participate in further rescue programs for Greece unless financing for ...

READ THE ORIGINAL POST AT www.greekherald.com