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A high fiscal deficit between 2008 and 2011 stoked demand and too little was spent on investment.
In 2009 the IMF noted Greece's challenges of high fiscal and external imbalances and weakened competitiveness.
Weaker members are obliged to live up to high fiscal and regulatory standards.
"And should the [Bank of England] move to guarantee to Scottish deposits, we expect it to extract a high fiscal and regulatory price".
In the midst of a war, and with unemployment already high, fiscal austerity is politically difficult to impose, so the IMF is likely to be lenient.
Earlier in the day, Fitch Ratings lowered its outlook on India's credit rating to negative from stable, citing the country's slower growth and high fiscal deficit.
Similar(37)
High spring.
It's high summer now.
That means it must be high summer.
That was high summer.
The winds are high today.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com