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Greek premier refuses to rule out IMF appeal
March 18, 2010

Greek Prime Minister George Papandreou refused to rule out an appeal for aid to the IMF Greek Prime Minister George Papandreou refused to rule out an appeal for aid to the IMF
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Greek Prime Minister George Papandreou on Wednesday refused to rule out an appeal for aid to the IMF, if European backing is insufficient to resolve its debt crisis.

"If we realise that we indeed will be borrowing at extremely high rates... there are other options," Papandreou told reporters in Brussels after talks with the head of the European Commission, which is supervising deficit reduction measures.

"Nothing is excluded," Papandreou said having been asked whether recourse to the International Monetary Fund remained a live threat, following earlier comments from a government spokesman in Athens to that effect.

"But we would certainly prefer a European solution," he underlined in a pointed remark days from a summit of European Union leaders, who are required to press the button on loan assistance agreed in principle among eurozone partners.

AFP