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Sunday, June 9, 2013

Maintaining a brave face


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The European Commission is being picked-on. According to the International Monetary Fund (IMF) it hasn’t exactly been doing a bang-up job in salvaging the Greek economy. In a stinging report, the IMF said that the EU’s executive didn’t do enough on structural reforms, and that Greek debt should have been restructured as soon as the crisis erupted.  The commission, said the IMF, was wrong in allowing the Athens government to delay structural reforms until 2012.


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