Friday, March 16, 2012

Greece would face disorderly euro exit without support: IMF

WASHINGTON (Reuters) - Greece would face a disorderly and costly exit from the euro area without financial support from international lenders, the International Monetary Fund said on Friday. A day after the IMF approved a 28 billion euro bailout loan for Greece, part of a broader 130 billion euro rescue package by European partners and the European Central Bank, an IMF staff report warned that Athens had no space for error as it pushes through economic reforms and spending cuts to tackle its high debt levels. ...

Source: http://news.yahoo.com/greece-face-disorderly-euro-exit-without-support-imf-212600610.html

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