Monday April 6, 2020

Market Week

Your guide to what's going on in the news

8th June, 2013
Christine Lagarde, managing director of the IMF.

**Oops, we did it again:** The debate over the effectiveness of austerity took a new twist last week when the IMF acknowledged it had underestimated the impact on the Greek economy of spending cuts and tax hikes included in the troika's 2009 bailout of the country - but pinned the blame on its European partners. Unsurprisingly, the European Commission and ECB rejected the criticism.

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