US backs new IMF loan to Greece


US backs new IMF loan to Greece

AFP

February 20, 2012

US Treasury Secretary Timothy Geithner has thrown Washington’s support behind the new austerity measures agreed by Greece and said the US backed the idea of a new IMF loan for Athens.

“We welcome the program of economic reforms agreed to by the prime minister of Greece and the coalition parties, and the public statement of support from the major economies of Europe,” Geithner said in a statement Sunday.

“This is a very strong and very difficult package of reforms, deserving of support of the international community and the IMF. The United States will encourage the IMF to support this agreement.”

The Greek parliament has approved a series of measures worth 3.2 billion euros ($4.2 billion) in return for a second bailout deal that would write off 100 billion euros of debt and provide a loan of 130 billion euros to Greece.

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