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Open Europe : Daily Press Summary

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IMF sees €11bn funding gap for Greece, warns of likely need for further debt relief; Latin American IMF members warn of overly optimistic approach in Greece The IMF yesterday released its latest review of the Greek bailout in which it showed that the country faces an €11bn funding gap between 2014 – 2016, and argued that Greece will likely need some additional debt relief from its official creditors, with a decision needed before the end of the year. The report also warned of the potential for further social unrest as austerity is set to continue.


Meanwhile, in a public statement released yesterday, Paulo Nogueira Batista, the Latin American representative on the IMF board, said, "Implementation

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