IMF admits: we failed to realise the damage austerity would do to Greece

The International Monetary Fund admitted it had failed to realise the damage austerity would do to Greece as the Washington-based organisation catalogued mistakes made during the bailout of the stricken eurozone country.

Fed's decision not to cut stimulus 'prudent' - China's Xinhua

(Reuters) - The U.S. Federal Reserve's decision to delay reducing its massive monetary stimulus appears prudent, China's Xinhua news agency said on Thursday.