Greek bailouts 'lacked planning and strategy', EU auditors say

Weaknesses in programme design and economic planning led to the failure of the first two Greek bailouts to help the embattled Mediterranean country finance itself again, the EU Court of Auditors has said.

In a report titled 'the Commission's intervention in the Greek financial crisis' published on Thursday (16 November), the guardian of EU finances recognised that the decision to bail out Greece in 2010 was taken "...