IMF says it was wrong in first Greek bailout

The International Monetary Fund (IMF) has admitted that it made mistakes in handling Greece's first international bailout.



The IMF said it was too optimistic in its growth assumptions and said a debt restructuring should have been considered earlier.



Greece was granted a €110 billion bailout by the IMF and the EU in May 2010.



Another €130 billion rescue package was approved in February 2012.



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