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Thursday, July 11, 2013

IMF and the Greek tragedy

Three years since its first bailout, the IMF has finally had the courage to admit that it made major mistakes in its handling of the Greek debt crisis and its failure to realize the damage austerity would cause. It is obvious that it has underestimated the negative effects of austerity on growth and therefore ended up making economic forecasts that were much too optimistic about Greece's ...

READ THE ORIGINAL POST AT www.greekherald.com