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GLD 382.95-0.8%4:00 PM EST

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To: SG who wrote (64098)6/7/2010 4:16:01 PM
From: elmatador  Read Replies (1) of 217743
 
IMF tells EU to speed up budget cuts or risk eroding the confidence of financial markets.

...

In a hard-hitting report, the IMF said the current "crisis management" was no alternative to fundamental economic restructuring.

The IMF report said the economic crisis was due to "unsustainable policies".

IMF also "said that some eurozone countries needed to open their trade markets and loosen employment regulations in order to avoid "anaemic growth" in the coming years."

news.bbc.co.uk
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