Friday, April 24, 2015

WASHINGTON — It was perhaps inevitable that the Greek crisis would hijack the spring meeting of International Monetary Fund this week, but the damage to the international lending agency could grow much worse as the situation in Europe becomes increasingly acute.
The standoff between a new Greek government seeking debt relief after five years of grinding recession and authorities at the IMF and European Union, who were unbending in their demands to follow through on further austerity measures to get more bailout money, dominated discussions at the meeting that brings economic policymakers from around the world.
Greece faces a deadline Friday to submit a list of specific reforms to the European Union that will unlock nearly $8 billion in bailout funds that it needs to meet loan repayments falling due next month.
 
 

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