IMF ready to bail out Greece if asked
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CBJ Jan 4 - The International Monetary Fund (IMF) said it would bail out Greece if the country or the European Union asks for assistance, but the IMF believes the 27-nation EU should create its own mechanism to help such cases.
Increasing budget deficits and debt have given Greece consecutive downgrades by the three major credit rating agencies in December, resulting in higher borrowing costs for the euro zone's most indebted country in 2010.
Increasing budget deficits and debt have given Greece consecutive downgrades by the three major credit rating agencies in December, resulting in higher borrowing costs for the euro zone's most indebted country in 2010.
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