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Amid euro-slump, the IMF rethinks austerity -
"Spain and other embattled European countries may be slashing government spending too quickly, the International Monetary Fund warned Tuesday, saying deep budget cuts could be choking off economic growth vital for curing their financial crises. The findings were detailed in a new IMF study that raises basic questions about how Europe is responding to the debt crisis unsettling the continent’s markets and depressing its economies." ‎- silpol