EU and IMF Try to Kiss and Make Up with Greece

February 14th, 2011
in econ_news

parthenon and the acropolis landmark 1 Econintersect:  Yesterday there were reports (see GEI News) that Greece was furious with the EU (European Union), the European Commission and the IMF (International Monetary Fund) over perceived pressure to make huge asset sales.  Today both agencies hastened to placate debt-hit Greece.

Follow up:

The Commission, the IMF and the European Central Bank, issued a statement expressing "the deepest respect" for the "tremendous" fiscal overhaul the government had undertaken.  Greece has embarked on a severe auserity program to try to reduce its debt.

Sources:  GEI News and Yahoo News

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