IMF board expected to should consider billions in loans for debt-plagued Greek in coming week
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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.
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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.
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