IMF Forecasts of New Greece Trouble
March 17, 2012 by Douglas A. McIntyreThe IMF has indicated that unless the economy of Greece responds quickly to reforms that another bailout may be necessary. It is hard to figure why austerity should provide an environment for GDP improvement, but there is still a school of thought that the two are compatible.
So far Greece has shown no ability to improve its economic fortunes. GDP continues to collapse at an alarming rate. There is almost no popular support for tax increases and cuts in pay and pensions.
The IMF’s concerns might as well be a warning of what will become true.
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.