ATHENS, Greece – The IMF says that while it is confident Greece will be able to return to international markets before the end of the three-year rescue loan package, there are a number of options that could be used to help the country if it finds itself in difficulty....
The International Monetary Fund, European Central Bank and European Commission said that while they were confident Greece would be able to borrow again on international markets before the end of the three-year bailout period, as it has said it aims to, several options were available to help in case of trouble.
Greece began receiving the IMF and eurozone loans, which run to 2013, in May. The rescue package was its only hope of staving off default after the debt-ridden country found itself essentially locked out of the international market by prohibitively high interest rates demanded for its bonds.
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