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IMF expresses support for Greece's economic moves

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[May 03, 2010]  WASHINGTON (AP) -- The International Monetary Fund says its executive board will consider approving Greece's request for about $40 billion in loans within the coming week.

The IMF's managing director, Dominique Strauss-Kahn, says the Greek government has come up with an ambitious program to address its economic crisis.

The IMF loans are part of a larger package with European countries to help keep debt-plagued Greece from defaulting and spreading its financial woes.

U.S. Treasury Secretary Timothy Geithner says he welcomes what he calls an "ambitious reform program" from Greek authorities and that he supports the financial package.

[Associated Press]

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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