Thursday, September 13, 2012
Join the queue for another Debt Fix
"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..