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2013-06-06

IMF admits: we failed to realise the damage austerity would do to Greece


posted at 07:26

Athens officials react to report with glee, saying it confirms that the price extracted for country's bailout package was too high

by Larry Elliott, Phillip Inman and Helena Smith

The International Monetary Fund admitted it had failed to realise the damage austerity would do to Greece as the Washington-based organisation catalogued mistakes made during the bailout of the stricken eurozone country.





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