Greece will NEVER recover under Europe’s brutal austerity plans – IMF’s shock warning

Greece’s bailout programme is not credible, says the IMF (Getty)

 

GREECE may never recover from its deep recession and financial crisis thanks to the brutal austerity measures demanded by its European creditors, the International Monetary Fund (IMF) has warned.

The debt-laden country has been set ambitious economic targets by the European Commission and countries such as Germany, which are not “credible” and will hamper growth, according to the Washington-based organisation.

Only through a “Herculean effort” will Athens be able to meet the demands of its creditors, and through slashing spending in vital services that will derail Greece’s long-term prospects, said the fund. Continue reading