EU, IMF split over Greek deadline

11/13/2012 | Reuters · Financial Times (tiered subscription model)

The International Monetary Fund and eurozone finance ministers clashed publicly over the Greek debt situation, with the ministers advocating a two-year extension for Greece to meet a goal for its debt-to-GDP ratio and IMF chief Christine Lagarde insisting on sticking to the original 2020 deadline. Meanwhile, Athens' ability to raise €5 billion and make a debt payment encouraged lenders to give themselves more time to resolve their differences.

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Reuters · Financial Times (tiered subscription model)

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