Topic: Greece
Greece warned Thursday it could turn to the IMF for help unless European leaders offered financial aid next week, as doubts over plans to rescue Athens from its debt crisis rocked the euro. Greek Prime Minister George Papandreou urged the European Union to help a "family" member as the interest rate Athens pays to borrow money on the bond market ...
BRUSSELS/ATHENS (Reuters) - Greece raised the stakes on Thursday in its quest for EU help to tackle its debt crisis, saying it cannot achieve promised deficit cuts if its borrowing costs remain so high and may have to call in the IMF. But Athens dismissed a report that it was planning to turn to the global lender as soon as ...
The European Commission said on Thursday it was "natural, logical and prudent" for Greece to keep all options open as Athens considers the possibility of going to the IMF. "It's natural that the (Greek) prime minister does not rule out any option," said Amadeu Tardio, spokesman for economic and monetary affairs, when asked about the possibility of Athens turning ...
The euro sank against the dollar on Thursday on persistent worries over the Greek debt crisis after Athens warned again that it could appeal to the International Monetary Fund for aid if none is forthcoming from its eurozone partners. In late morning trade, the European single currency tumbled to 1.3648 dollars, before recovering to 1.3692 dollars, still down ...
