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Market Extra: Rare split on IMF board puts Greek bailout at risk

Some members of the International Monetary Fund are growing concerned with the terms of Greece’s bailout program, fueling fears the fund might pull out of the much-needed rescue plan for the country.

The IMF’s annual review of the Greek economy published on Tuesday revealed a rare split among its board members, showing they are in disagreement over the austerity measures imposed on Athens and over the country’s huge debt burden.

The report said that “most” of the 24 IMF executive directors agreed Greece is on track to reach a fiscal surplus of 1.5% of gross domestic product. It said Athens does “not require further fiscal consolidation at this time, given the impressive adjustment to date.

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