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International Monetary Fund Economic Counsellor and Director of Research Department Olivier Blanchard speaks during a press briefing on the world economic outlook at IMF Headquarters on April 9, 2014 in Washington, DC. The International Monetary Fund cut its growth forecast for the global economy Tuesday, pointing to the threat from the Ukraine crisis and the slowdown in major emerging economies. The IMF said the world's two largest economies, the United States and China, continue to anchor expected growth of 3.6 percent this year and 3.9 percent in 2015. AFP PHOTO/Mandel NGANMANDEL NGAN/AFP/Getty Images
International Monetary Fund Economic Counsellor and Director of Research Department Olivier Blanchard speaks during a press briefing on the world economic outlook at IMF Headquarters on April 9, 2014 in Washington, DC. The International Monetary Fund cut its growth forecast for the global economy Tuesday, pointing to the threat from the Ukraine crisis and the slowdown in major emerging economies. The IMF said the world's two largest economies, the United States and China, continue to anchor expected growth of 3.6 percent this year and 3.9 percent in 2015. AFP PHOTO/Mandel NGANMANDEL NGAN/AFP/Getty Images

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IMF chief: Debt relief is 'essential' in Greece

CNN's Richard Quest speaks to IMF Chief Economist Olivier Blanchard about the importance of debt relief when making a deal with Greece.

IMF chief: Debt relief is 'essential' in Greece

CNN's Richard Quest speaks to IMF Chief Economist Olivier Blanchard about the importance of debt relief when making a deal with Greece.