IMF Mulls Extension of Greece’s Loan Package, Bini Smaghi Says
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The International Monetary Fund may transform its loan to Greece into a longer-term repayment plan, a move that would allow the country to pay its loan back later without restructuring, European Central Bank Executive Board member Lorenzo Bini Smaghi said.
“The IMF is certainly thinking of these issues,” Bini Smaghi said in a speech in Washington. “There are mechanisms in the IMF to prolong packages.”