IMF finds $11bn black hole in Greek finances and warns of new write-off

Greece 's debt after identifying an $11bn black hole in the finances of the recession-stricken country.In its regular update on the programme of financial austerity and structural change agreed to by Athens in return for financial help, the Washington-based IMF said weak growth and a sluggish pace of reform had opened up a funding gap in both 2014 and 2015.The IMF, which is struggling to ...

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