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IMF denies pressing Greece to default or restructure debt
Date 04/04/2011 14:54  Author webmaster  Hits 1277  Language Global
04 APR 2011

By Andrew Torchia | The Independent

THE IMF has denied reports it has been privately pressing Greece to default or restructure its debt.

"As we have said consistently, the IMF supports the Greek government's position of no debt restructuring and its determination to fully service its debt obligations. Any reports claiming otherwise are wrong," an IMF spokeswoman said.

German magazine 'Der Spiegel' reported at the weekend that the IMF had reversed its previous opposition to the idea of a Greek restructuring and believed one was necessary soon.

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