Greece needs to avoid across-the-board budget cuts that disproportionately hurt pensioners and employees as it moves into the next phase of its bailout and tries to restore growth, the International Monetary Fund said. Three years after receiving its first international bailout, with a debt burden that is still too high, Greece needs in-depth changes to its economy to both meet its fiscal targets and attract investors, the IMF said. Greece is making progress in overcoming deep-seated problems in the midst of a very serious and socially painful recession, IMF staff wrote at the end of a visit to assess the countrys ... (full story)