Thursday, March 18, 2010

Greece PM Papandreou this morning setting a 1wk deadline for the EU $NBG

Greece Remains a Focus for the market with Greece PM Papandreou this morning setting a 1wk deadline for the EU to craft a financial aid mechanism for Greece. Papandreou said the country may seek aid from the IMF unless EU leader agree to set up a lending facility at a summit Mar 25-26.  An official of the IMF was on the tape this morning saying Greece hasn't sought financial assistance from the IMF but reiterated that the IMF stands ready to help the country if asked. [Bloomberg]

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