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Fri 03 Mar 2010Greece warns it may turn to IMF if EU does not help
GREEK PREMIER George Papandreou upped the stakes in his game of brinkmanship with German chancellor Angela Merkel by saying he may turn to the International Monetary Fund (IMF) if the upcoming EU summit does not deliver political agreement on a last-resort plan for Greece.
His comments follow remarks by Ms Merkel on Wednesday in the Bundestag backing calls for steps allowing countries to be expelled from the euro zone if necessary. The prospect of a a bail out for Greece is deeply unpopular in Germany.
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