Further delays in Greek debt plans sparks IMF ire

Eurozone finance ministers agreed to meet again November 20 to clear the way for a long-delayed Greek aid payment, but a proposal to change its debt reduction deadline sparked the ire of the International Monetary Fund (IMF). Greek officials stressed the beleaguered nation, which would go broke by Friday, November 16, has made progress on its commitments to reduce debt and the public deficit, but ministers still had work to do before finalizing the details and approving the funding of some 31 billion euros ($39 billion) debts due that day. IMF chief Christine Lagarde said she believed the deadline should remain and that it is “critical that the Greek debt be sustainable.”


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