IMF admits mistakes made in Greece bailout

ALJAZEERA: The International Monetary Fund has said that it lowered its normal standards for debt sustainability to bail out Greece and its projections for the Greek economy may have been overly optimistic…

At the time, the IMF insisted Greece’s debt levels were sustainable as long as its projections for the economy were accurate…

In a report released on Wednesday that looked back at the bailout, the Fund for the first time said it lowered its bar for Greece, which could reignite concerns about the lender’s impartiality… (more)

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