Thursday, September 13, 2012

Join the queue for another Debt Fix

IMF Official: Greece Will Need Third Bailout

"Greece will need a third bailout package from the euro zone, and the country's European creditors will have to find the money for it, according to a senior IMF official. "Greece will require additional financing, which may take the form either of official-sector involvement or of additional loans, hopefully on more favorable terms," Thanos Catsambas, an IMF alternate executive director, who represents Greece at the Fund's board, said in an interview. Mr. Catsambas is an IMF veteran with experience of Fund programs in Europe, Asia, Latin America etc..

Posted by alan @ 03:42 PM (957 views)
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One thought on “Join the queue for another Debt Fix

  • The IMF has now said they need more time to get their affairs in order.

    Same as Spain, Portugal, Cyprus etc.,etc. MMe Legarde please note!

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