The International Monetary Fund has admitted "notable failures" in the Greek bailout, saying in a report Thursday that despite the steps Greece's recession and unemployment problem were more severe than anticipated.
The report said the program had succeeded in keeping Greece within the eurozone and mostly prevented the country's economic troubles from spilling over to the rest of the region. "However," it said:
This is MORNING EDITION from NPR News. I'm Renee Montagne.
While there are many signs that the American economy is picking up steam, in much of the European Union, the opposite is true. Austerity programs aimed at reducing national debts have been blamed for crushing growth and sending unemployment in the eurozone nations to a record high of 12 percent.
The European Union's decision to end its embargo on arming the opposition in Syria has been followed by sharp criticism from Russia's foreign ministry and word that Russia will follow through on plans to deliver anti-aircraft missiles to President Bashar Assad's military.