The IMF warned Europe Wednesday it risks recession next year, but told Greece it will likely get eight billion euros in promised loans that have been blocked for the last month.
With 20,000 public sector workers in the streets of Athens and police lobbing tear gas at protestors in the latest clashes over spending cuts, the IMF on Wednesday urged Europe to balance growth with austerity.
Citing a "far more risk-averse" mood among investors worldwide, he said the best Europe could hope for would be "very modest" growth.
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About the author
- Writer: AFP News agency
- Position: Agence France-Presse
