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More on IMF-Greece: the IMF is threatening to cut its financing to Greece unless eurozone...

More on IMF-Greece: the IMF is threatening to cut its financing to Greece unless eurozone countries take haircuts worth tens of billions of euros on the country's debt, the WSJ reports. The IMF, though, can't accept a write-down, as it's a senior creditor. The eurozone is resisting the IMF's suggestions, which include having the ESM take on Greek debt of $50B, a move that could slash the country's burden by 15%-20% of GDP.
Comments (1)
  • What a joke, looks like that Europe is waiting for the US elections to be over and then they will cut Greece - the beggar that thinks it can be a chooser.
    9 Oct 2012, 06:16 AM Reply Like
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