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Thursday, August 1, 2013

IMF board member did not back Greece aid payment

WASHINGTON (AP) Eleven Latin American countries represented by Brazil are not backing the latest International Monetary Fund bailout payment for Greece. Brazil's executive director at the IMF, Paulo Nogueira Batista, said Wednesday that the lending agency's latest report on Greece cited risks that it may not be able to repay its IMF loans if its recovery program falls off track. The unusual ...

READ THE ORIGINAL POST AT www.greekherald.com