Sunday, April 25, 2010

HOW MUCH MILEAGE CAN THEY GET FROM THIS STORY???

WASHINGTON – Greece's finance minister expressed confidence Sunday that European governments and the International Monetary Fund soon would provide billions of dollars in emergency aid so his debt-burdened nation could make a large repayment on time in May.

The official, George Papaconstantinou, said Greece had no intention of defaulting on its debt obligations by repaying creditors less than what they are owed. After weekend talks at the International Monetary Fund's headquarters blocks from the White House, he said he expected the IMF's executive board in early May to approve Greece's request for about $13.4 billion in loans.

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