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IMF offers tough solution to ESM for Greece
European economic and financial affairs commissioner Pierre Moscovici (left) chats with Greece Finance Minister Euclid Tsakalotos (centre) and European Commission vice-president Valdis Dombrovskis during an euro zone finance ministers' meeting about Greece in Brussels, Belgium on May 24.
PHOTO: REUTERS
London
AS European finance ministers gathered in Brussels to decide on the next bailout payment to Greece, the International Monetary Fund (IMF) has come up with a solution to reduce financing costs that may leave the bond market with indigestion.
The IMF suggested in a report that
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