IMF May Allow Some Flexibility In Greece's Debt Plan

Nov 23, 2012
Originally published on November 23, 2012 11:53 am
Copyright 2018 NPR. To see more, visit


NPR's business news starts with a Greek debt plan.

The International Monetary Fund is reportedly close to approving a deal that would give Greece more flexibility in its efforts to cut its massive debt burden. This will give Greece more time and allow a higher debt-to-GDP ratio than had been agreed on before, according to Reuters. And it should clear the way for the Greek government to get the next round of much-needed financial assistance, which is seen as crucial to boosting a flagging European economy. Transcript provided by NPR, Copyright NPR.