Greece, IMF race to secure rescue funds

2010-04-25 08:36 BJT


Greek authorities and top world finance officials have been racing to get rescue funds to the debt-stricken country. But concern in Germany about the scale of the bailout threatens to slow down the process.

Talks over Greece have dominated the annual International Monetary Fund and World Bank meetings in Washington D.C..

These talks came a day after Athens bowed to market pressure and asked to tap a 45 billion-euro rescue package from the European Union and the IMF.

U.S. Treasury Secretary Timothy Geithner (L) stands with Finance Minister of Greece George Papaconstantinou (R) before meeting at the International Monetary Fund/World Bank Spring Meetings at IMF headquarters in Washington, April 24, 2010. REUTERS/Jonathan Ernst
U.S. Treasury Secretary Timothy Geithner (L) stands with Finance
Minister of Greece George Papaconstantinou (R) before meeting at
the International Monetary Fund/World Bank Spring Meetings at
IMF headquarters in Washington, April 24, 2010.
REUTERS/Jonathan Ernst