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Friday, June 17, 2011

IMF U Turn

The IMF has had a change of heart wrt bailing out Greece for a second time, it has now said that it stands "ready to continue its support".

The EU and the IMF are expected to release a Euro12BN loan in early July, in order to keep Greece solvent.

Politics, rather than economics, are at play in this U turn by the IMF.

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