... the IMF, the EC, and the ECB - evil to the core. The International Monetary Fund (IMF), the European Commission (EC) and the European Central Bank (ECB) have just returned from a review mission to Greece and produced a report, which sees prospects for stabilization in the near future, with prior projections and targets being met, prices returning to normal and inflation considerably below the European average. ... The population is experiencing its sixth straight year of recession. Unemployment currently stands at a record 28 percent, and the under-25s experiencing the sharp end of it, with youth unemployment rates now at 60 percent. A total of 1.38 million Greeks are unemployed. The banks aren’t lending. Small and mid-size business closures are steadily rising.
Posted on: Fri, 21 Mar 2014 07:21:08 +0000
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