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Investors Flock to Greek Bond Sale - NYTimes.com

LONDON -- With an austerity program well underway, Greece held a successful bond sale Tuesday amid a growing debate about whether the country should be given more time to repay the international bailout loans that saved it from bankruptcy.

Greece is taking the right steps to reduce its deficit and the International Monetary Fund would allow the country more time to repay its emergency loans if the euro-zone nations agree to do the same, the I.M.F.'s managing director, Dominique Strauss-Kahn, said Sunday.

Responding to these comments in an interview with the Greek television channel Skai late Monday, the Greek finance minister, George Papaconstantinou, said that there had already been an "unofficial discussion" about a possible extension.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Oct 12th, 2010 at 03:55:18 PM EST
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