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Greece threatens to go to IMF

Tags: Greece, Business, News, World
 
Mar 18, 2010 21:13 Moscow Time
Greece. Collage:The Voice of Russia
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Greece  will appeal to the International Monetary Fund to resolve its financial troubles if  the EU doesn’t provide it with financial aid, the Greek prime minister George Papandreou said, adding that this chance shouldn’t be missed.Only Germany can save Greece but it refuses to do this. If Greece goes to IMF it will show that EU is not capable of solving its inner troubles. Greece has a huge debt and budget deficit. The government tries to cope with the crisis by austerity but this prompted strikes and protests.

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