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Former chief economist defends IMF

Kenneth Rogoff is professor of economics at Harvard, and from 2001 to 2003 was chief economist at the International Monetary Fund. He says "debt has been postponed" and without IMF aid Greece would be even worse off.

Picture: Man reacts after failing to get money from an ATM on the Greek island of Santorini, Greece REUTERS/Cathal McNaughton

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5 minutes