Friday February 10, 2012

Greece: Will ask for IMF help if EU fails

AP – Greece warned Thursday that it will be forced to turn to the International Monetary Fund if the EU can’t agree to a bailout plan next week that will help reduce its market borrowing rates.

Greek Prime Minister George Papandreou speaks during a conference regarding the economy at the European Parliament in Brussels, Thursday, March 18, 2010. Papandreou said Thursday his country needs a firmer eurozone bailout plan to lift market pressure on his government and lower its borrowing rates. He told a European Parliament Committee Thursday that 'this is not to be asking for money, but to have some form of an instrument on the table.' (AP Photo / Virginia Mayo)AP – Greece warned Thursday that it will be forced to turn to the International Monetary Fund if the EU can’t agree to a bailout plan next week that will help reduce its market borrowing rates.

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