IMF to supervise Italy on debt reduction plan

italy-sunset

Italian officials have agreed to receive advice from the International Monetary Fund (IMF) on its structural programmes but is said to have refused offers of financial aid from the fund, ending a turbulent week for the country, which saw its borrowing costs reach a euro area record high.

In a communiqué released following the Group of Twenty (G-20) summit in Cannes, France, on Friday global leaders said an agreement had been reached that would allow for the European Commission to provide a

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