Global indices grow as IMF and World Bank step in to help Greece
2012-11-23 15:01:54
The International Monetary Fund (IMF) and the European Union are at odds on setting a target for Greece's debt by 2020, and the two sides are now EUR 10 Bn apart, a Greek government official told Reuters. Euro zone finance ministers, the International Monetary Fund and the European Central Bank are due to meet again on Monday to try to close the gap, which is necessary in order to release emergency funds for Greece and keep the country afloat. The potential for a Greek deal and signs lawmakers in the United States will eventually agree steps to avoid a fiscal crisis there have been behind a strong rally in share markets around the world this week.
AgroInvest comment: Greece will remain the source of relative uncertainty for the next few months as debt crisis in Europe remains.
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