IMF 'to admit mistakes' in handling Greek debt crisis and bailout
The International Monetary Fund is to admit that it has made serious mistakes in the handling of the sovereign debt crisis in Greece, according to internal reports due to be published later on Wednesday. Documents presented to the Fund's board last Friday will reveal that the Washington-based organisation underestimated the damage austerity would cause to the eurozone country, which has required t
Italy election sparks fresh fears for euro
Italy threatened to pitch the eurozone into fresh turmoil on Monday night as the result of its general election pointed to a hung parliament and confirmed the anti-establishment Five Star Movement, led by a comedian-turned-politician, had exploded on to the national stage. With almost all the votes counted, the centre-left had a lead in the race for the lower house, the chamber of deputies, where
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