Fri, 27 Jan 2012 10:11:54 GMT
More funds may are needed to rescue Greece
The EU may need more money to reduce the public debt of Greece to about 120% of the GDP by 2020, said Olli Rehn, the Economic and Monetary Affairs Commissioner. He also expects Greece to reach a consensus with private bondholders on the debt swap before the end of January. At the same time, the EU and IMF have to