European leaders closed ranks on Tuesday to insist that Greece will not default on its bonds, trying to quell speculation that divisions within the euro area are becoming irreparable.
Speaking in Washington, Christine Lagarde, the International Monetary Fund's managing director, said she was "very, very hopeful" that Greece can stick to the plan laid out under a bailout agreement with the IMF and other European countries. The IMF this month broke off talks with Greece over budget cuts and other measures required for the IMF to release the next installment of loans to the country.
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Associated Press 14 Sep, 2011
Associated Press --
Source: http://feeds.washingtonpost.com/click.phdo?i=90a96a08fb35b3fb4c85501a2ee55e9d
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