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alltransline 2011-12-08 20:13:15
제 목 IMF approves 2.2 billion euros for Greece
Delayed for months by political turmoil that led to the early November downfall of Prime Minister George Papandreou, the move opens the way for the European Union to release its 5.8 billion euro share of the latest bailout installment.

The funds could help Athens to avoid a looming default on its debt that many fear could crack the 17-nation eurozone.

But International Monetary Fund managing director Christine Lagarde also stressed that a restructuring of Greek sovereign debt by private banks, aimed at saving Athens 100 billion euros ($134 billion), was crucial to stabilizing its finances.

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