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2016-10-12

IMF is right about debt relief to Greece, FT

IMF has argued stridently that /Greece/ needs relief on the fiscal and debt front in order to generate growth. 

The IMF is right. 

Greece has made some notable changes to its economy, albeit from an extremely dysfunctional base. 
But structural reform is generally contractionary in the short to medium term. 

It needs to be accompanied by supportive fiscal policy. 

FT Editorial 11 October 2016


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