The Last Chance Of Freedom : EU, IMF press Greece on reforms before aid flows

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Friday, January 27, 2012

EU, IMF press Greece on reforms before aid flows

By Ingrid Melander

ATHENS (Reuters) - The European Union and IMF want Greece to push through more budget cuts and implement a series of long-agreed austerity reforms before they agree on a new bailout the country needs to avert bankruptcy, a report obtained by Reuters shows.

All eyes have been on Athens' tortuous debt swap talks with its private creditors over the past week, but Greece also needs to convince its euro zone partners and the International Monetary Fund to release a 130-billion euro package if it is to avoid a chaotic default.

Read more: http://finance.yahoo.com/news/eu-imf-press-greece-reforms-092711761.html

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Friday, January 27, 2012

EU, IMF press Greece on reforms before aid flows

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