Saturday, June 18, 2011

Contagion fears may force IMF backstop for Greece













Growing fears of economic spillover from the Greek debt crisis could force IMF member countries to backstop Athens with funds to give Europe time to nail down a deal to keep the eurozone country afloat.

Greek Prime Minister George Papandreou is trying to push through an EU/IMF-backed austerity package despite popular discontent.


Reuters