Al Hilal exit Club World Cup after narrow defeat to Fluminense    Saudi leadership congratulates President Trump on U.S. Independence Day    Saudi Arabia tops global ICT Development Index for 2025    Hamas says it is consulting other Palestinian groups on Gaza ceasefire plan    Germany seeks agreement with Taliban to take back convicted Afghan migrants    Saudi Crown Prince, Abu Dhabi deputy ruler discuss regional stability, strategic ties in Jeddah    Hotel occupancy in Saudi Arabia rises to 63% as tourism workforce tops 983,000 in Q1 2025    Saudi e-commerce sales jump to SR69 billion during 1Q 2025    German Chancellor calls Saudi Crown Prince to discuss regional developments    SFDA to penalize 996 erring establishments    'Morally repugnant': US Cardinal hits out at Trump's immigration policy    At 90, the Dalai Lama braces for final showdown with Beijing Reincarnation    Alkhorayef Commercial Company partners with XSQUARE Technologies to elevate logistics automation in Saudi Arabia    Portugal and Liverpool FC winger Diogo Jota dies in car accident in Spain    Michael Madsen, actor of 'Kill Bill' and 'Reservoir Dogs' fame, dead at 67    Al Hilal sign Abderrazak Hamdallah on loan for Club World Cup push    Lacazette joins NEOM SC as Saudi Pro League newcomers boost attack with French star    BTS are back: K-pop band confirm new album and tour    Michelin Guide launches in Saudi Arabia with phased rollout in 2025    'How fragile we are': Roskilde Festival tragedy remembered 25 years on    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



IMF Open to Negotiating Terms of Greece Rescue
Published in Saudi Press Agency on 28 - 06 - 2012

The International Monetary Fund (IMF) said it was open to adjusting the terms of a Greek rescue and will send a team to Greece next week to meet with the new government.
Spokesman Gerry Rice said IMF officials will join officials from the European Commission and the European Central Bank at the meetings, and negotiations on Greece's 130-billion-euro joint rescue with European partners would happen after the initial visit next week.
Specifically, Rice said a separate “negotiating team" from the IMF will visit Greece after the fact-finding visit. The negotiators will discuss the policies Greece must follow to meet the terms of its rescue, he said.
“This mission will assess the recent economic developments," Rice told reporters in Washington. “The objectives of the program, as agreed, remain the basis for those discussions, but as we have said before, if the new government has ideas on how those program objectives can be achieved, then we are open to those discussions."


Clic here to read the story from its source.