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IPFS News Link • Economy - International

How the IMF reasserted its power in Greece’s debt crisis

• Washington Post
Greece was stiffing government contractors as a way to make its books look better, one set of data revealed. Other figures showed that the government was financing its daily operations with debt, like a family paying for food with a home-equity loan. And Greece was making only halting progress in fulfilling its pledges to reduce public payrolls, shut down money-losing state-owned companies and enforce tax laws.