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Greece needs another €50bn bail-out and massive debt relief to survive, admits IMF

posted at 08:55

IMF concedes Greece needs huge alleviation of its debt burden and another bumper bail-out to stay afloat for the next three years

by Mehreen Khan

Greece needs at least another €50bn to keep it afloat for the next three years and a substantial alleviation of its debt burden, the International Monetary Fund has found, in a stark analysis of the country's desperate financial woes.

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