Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

IMF Lagarde Promises Constructive Talks on Solution For Greece

11/20/2012 | 10:57am US/Eastern

BRUSSELS--IMF chief Christine Lagarde said she would work "very constructively" to reach a deal on Greece at a meeting with euro zone finance ministers Tuesday.

"We're going to work very constructively to see if we can find a solution for Greece," she said on her way into the talks in Brussels. "That's our goal, our purpose and our mission."

Ms. Lagarde openly disagreed with Jean-Claude Juncker, head of the group of euro zone finance ministers, at a press conference last week, insisting that Greece's debt burden must be trimmed to 120% of gross domestic product by 2020.

Some euro zone ministers favor giving Greece an extra two years to meet that goal in a move that would ease some of the pressure on Greece's official creditors to find additional assistance for Greece at this stage.

-Write to Laurence Norman at Laurence.norman@dowjones.com

(MORE TO FOLLOW) Dow Jones Newswires

11-20-12 1056ET

React to this article
Latest news
Date Title
1m ago GOODMAN PROPERTY : GMT Allotment of New Units
1m ago MALAYSIA AIRPORTS BERHAD : UPDATES ON klia2
1m ago MITHRIL RESOURCES : • Shortfall Notification
1m ago KIRIN : Notice Concerning Purchase of Shares of Untraceable Shareholders
3m ago CFAO : Club of Brands launches in Africa
3m ago LUC BESSON : Spitfire Films' four days for Vodacom
3m ago NEDBANK : Integrated wholesale business by Nedbank is on the cards
3m ago GEMALTO : African mobile marketing win-win plan
3m ago SAVOLA : wins Golden Peacock Global CG Award
3m ago AUTODESK : 3rd edition of Autodesk University Extension Dubai announced
Latest news
Advertisement
Hot News 
Novo Banco CEO sees no new capital need, deposits recovering
DIXONS CARPHONE : *citigroup raises carphone warehouse price target to 480 (430) pence - 'buy'
IMPAX ASSET MANAGEMENT : Raises Dividend As Pretax Profit Rises
AUGEAN : Capital Markets Day
DRIVER : Shares Hit Seven Week High After Big Oman Contract Win
Most Read News
2h ago WHOLE FOODS MARKET : Jordan named president of Whole Foods’ Rockies division
2h ago SIMON PROPERTY : May Be Looking to Buy Macerich, Recent Transactions Indicate
2h ago GLENCORE : invests in Congo hydropower as solution to blackouts
2h ago MACERICH : 10 Must Reads for the CRE Industry Today (November 20, 2014)
2h ago NAVISTAR : New disaster-relief truck design unveiled
Most recommended articles
22m ago Japan's Amari - consumer prices flat after oil price fall
38m agoDJCanada to Announce New Immigrant Investor Plan
39m agoDJOPEC Leaves Production Target Unchanged
44m ago Oil prices tumble after OPEC refrains from cuts
48m ago Japan inflation slows in October, output and spending show signs of recovery
Dynamic quotes  
ON
| OFF