Saturday, November 10, 2012

IMF and EU face tough choices on Greek debt

Greece has moved a step away from bankruptcy with parliament's approval of new reforms, but its debt pile still threatens its solvency and its international creditors have yet to agree even how big it is.

Inspectors from the European Commission, the European Central Bank and the International Monetary Fund -- together known as the troika -- have been in Athens on and off since July trying to establish whether Greece will ever be able to pay back everything it owes.