In its annual review of the currency area, the Fund said that while the situation in Greece is “fluid” and “a key source of uncertainty,” the threat of contagion has eased since the early years of the currency area’s debt crisis. However, the IMF warned that the eurozone faces longer-term speed limits to its economic growth that will see incomes fall further behind those in the U.S. over the coming five years unless governments take immediate action. [WSJ]
IMF Meetings, Associated Interviews Really Eating Into German FinMin’s Sudoku Time
Wolfgang explains it all.
IMF Official: Greece **Might** Not Be Totally F***ed