**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.
**Third time lucky?** Royalty Pharma has increased its bid for Elan for...
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