Trichet ac­cuses IMF of try­ing to re­write his­tory

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PARIS (Reuters) – For­mer Euro­pean Cen­tral Bank Pres­i­dent Jean-Claude Trichet ac­cused the In­ter­na­tional Mone­tary Fund yes­ter­day of rewrit­ing his­tory by ar­gu­ing that Greece should have been made to re­struc­ture its debt in a 2010 bailout. The IMF said in a re­port this month that it low­ered its own stan­dards to join a flawed pro­gram for Athens, say­ing, “An up­front debt re­struc­tur­ing would have been bet­ter for Greece al­though this was not ac­cept­able to the euro part­ners.” Trichet, who was head of the ECB un­til late 2011, said the Fund never made such a sug­ges­tion at the time and should have taken more ac­count of the need to sta­bi­lize the

Nu­tri­art, the listed maker of Kat­selis bread and bak­ery prod­ucts, has greatly re­duced its op­er­a­tions af­ter fil­ing for bankruptcy. Pro­duc­tion has stopped and the com­pany’s em­ploy­ees have re­quested to meet with La­bor Min­is­ter Yian­nis Vrout­sis. The Kat­selis re­tail chain has been un­der the own­er­ship of Ever­est since 2010.

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