Thursday, 18 March 2010

Split appears on IMF aid to Greece
Three eurozone members are increasingly veering towards supporting a direct application by Greece to the IMF, the Financial Times reports. Italy, Finland and the Netherlands are apparently supportive of IMF emergency intervention in the euro area - something that France and Germany consider a loss of credibility to the euro currency and the European project.
http://www.ft.com/cms/s/0/bc84626a-31fd-11df-a8d1-00144feabdc0.html

Greek Prime Minister Yiorgos Papandreou said on Wednesday that an application to the IMF was still on the cards, but he hoped for a European solution after meeting with European Commission President Jose Manuel Barroso.
http://www.kathimerini.gr/4dcgi/_w_articles_kathremote_1_17/03/2010_329029

On Tuesday Papandreou had expressed some disappointment that the Eurogroup, meeting the previous day, had "taken a step forward, without reaching a final decision." He made the remark in a joint press conference with Hungarian Premier Gordon Bajnai in Budapest.
http://www.primeminister.gr/2010/03/16/1289

Today Papandreou will address the European Parliament on the economic and financial crisis. 

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