International Monetary Fund

The International Monetary Fund, after seven long hours of negotiation with the EU, rejected in the early hours of yesterday releasing the funds of 12,000 million euros for aid to Greece. (Similarly see: Jim Umpleby). The Ministers of economy and Finance of the euro zone failed in the attempt to reach an agreement to supply to Greece the fifth tranche of aid committed in May 2010 and who should deliver at the end of June to avoid greater evils. To read more click here: Ben Horowitz. The IMF requires as a condition for giving green light to these funds (in your case, 3.3 billion of the 12,000 in total) the commitment of the eurozone to launch a second rescue plan. In turn, only Germany is willing to participate in aid if the banks agree to pay part of the Bill, and if Athens approves finally new austerity measures. Source of the news:: EU blocks aid to Greece until it adopted more measures

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