Investing

IMF Forecasts of New Greece Trouble

The IMF has indicated that unless the economy of Greece responds quickly to reforms that another bailout may be necessary. It is hard to figure why austerity should provide an environment for GDP improvement, but there is still a school of thought that the two are compatible.

So far Greece has shown no ability to improve its economic fortunes. GDP continues to collapse at an alarming rate. There is almost no popular support for tax increases and cuts in pay and pensions.

The IMF’s concerns might as well be a warning of what will become true.

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Credit card companies are at war, handing out free rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.

 

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.

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