IMF counting on Europe to help Greece slash debt

Published August 1, 2013 10:20pm ET



WASHINGTON (AP) — The International Monetary Fund chief said Thursday she is counting on Europe to live up to its commitment to help Greece meet its targets for slashing debt under an international rescue program.

The IMF said in its quarterly review of Greece’s progress earlier this week that the bailout program would fall short of the country’s needs by a total of $14.59 billion by the end of 2015 and eurozone countries need to plug the hole. The international lending agency described the expected shortfall as a “test of European support” and said finance ministers from the 17 countries that use the euro have already started discussing how to fill the financing gap.

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