IMF says to conclue talks on aid to Greece in time to meet need

08:23, April 26, 2010      

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The International Monetary Fund (IMF) has accelerated its talks with Greece on financial support to the debt-ridden European country, which will conclude disucussions in time to meet Greece's needs, IMF Managing Director Dominique Strauss-Kahn said in Washington Sunnday.

Strauss-Kahn met with Greek Finance Minister George Papaconstantinou earlier in the morning, on the sidelines of the World Bank/IMF Spring Meetings in Washington.

"The minister and I had a very constructive meeting and I am impressed with the Greek authorities' determination to take the actions necessary to put their economy back on track," the IMF chief said in a statement.

"Since we received the requests for financial suppport last Friday, our discussions with the authorities have accelerated. The IMF, the European partners, and everyone involved in the financia effort recognized the need for speed. I am confident that we will conclude discussions in time to meet Greece's needs," he said.

"We are all aware of the seriouness of the situation and the courageous efforts being made by the Greek people," he continued.

Greece has asked European partners and the IMF for a rescue package of 60 billion U.S. dollars.



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