The IMF will release crucial loans to save Greece from default despite a likely delay by the European Union in agreeing a second bailout for the heavily indebted state, euro zone sources said on Thursday.
The news came as Greek Prime Minister George Papandreou, beset by mass street protests and resignations from his ruling socialist party, was planning to reshuffle his cabinet and drive through a draconian austerity plan to meet EU/IMF terms.
Reuters
