A "No" vote in the Greek referendum on bailout terms would not provide Greece with an easy way out of its economic crisis, the head of the grouping of eurozone finance ministers has said. Jeroen Dijsselbloem's comments came after Greek Prime Minister Alexis Tsipras told Greeks a "No" vote would lead to a "better agreement". But Mr Dijsselbloem insisted that suggestion was "simply wrong". Long queues of pensioners have formed outside Greek banks for a second day. Follow the latest updates Meanwhile, the International Monetary Fund (IMF) has issued a report saying that the embattled country needs an extra 50bn euros ($55bn) over the next three years to stabilise its finances under the existing, disputed creditor plans. In the report, the IMF cuts its forecast for Greek economic growth this year from 2.5% to zero, saying that changes in Greek policies and its financial outlook since early 2015 "have resulted in a substantial increase in financing needs". 
IMF warns banking reform is too slow http://www.bbc.co.uk/news/business-27588394 IMF warns banking reform is too slow May 27, 2014 11:50 AM Christine Lagarde said financial firms still prize profit over prudence Banking reforms aimed at preventing another financial crisis have failed to make enough progress, the boss of the International Monetary Fund has warned. IMF managing director Christine Lagarde blamed a combination of the complexity involved, industry lobbying and "fatigue" for the delay. "The industry still prizes short-term profit over long-term prudence," Ms Lagarde said at a conference on the future of capitalism. She called for tougher global rules. Ms Lagarde said some of the biggest problems were with the so-called "too-big-to-fail firms", banks whose collapse would cause such a big knock-on effect on the wider economy that governments were still expected to rescue them. She said a recent IMF study indicated that such banks were sti...
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