Greece May Require IMF Assistance
By Aoife White |
March 24, 2010, Wednesday
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Print Edition
Print Edition
GERMAN reluctance over bailing out Greece has raised the chances that the debt-laden country will be forced to turn to the International Monetary Fund for assistance, possibly by the end of this week.
French and Luxembourg politicians said on Monday that European Union nations are now discussing a combination of bilateral loans from individual eurozone countries who want to contribute - and IMF aid for Greece if needed.
Greece has around 20 billion euros (US$27.1 billion) of debt maturing over the next couple of months and wants to avoid paying sky-high premiums to raise money from international bond markets.
French and Luxembourg politicians said on Monday that European Union nations are now discussing a combination of bilateral loans from individual eurozone countries who want to contribute - and IMF aid for Greece if needed.
Greece has around 20 billion euros (US$27.1 billion) of debt maturing over the next couple of months and wants to avoid paying sky-high premiums to raise money from international bond markets.
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