A new International Monetary Fund assessment of Greece paints a tough picture of its ability to carry out a recently approved economic program, casting further doubt on the ultimate success of Europe’s $160 billion bailout of the country. In a staff report released Wednesday, the IMF noted that the country was already facing a harsher and longer recession and higher unemployment than initially forecast, forcing it ever deeper into debt. Although the IMF recently agreed to lend the country more money under the terms of an initial emergency loan program established last year, the latest staff review harbored no illusions that a crisis that has roiled world markets for 18 months will end anytime soon. Read full article >>