IMF open to negotiating terms of Greece's bailout

AP News
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Posted: Jun 28, 2012 11:52 AM

WASHINGTON (AP) — The International Monetary Fund is open to adjusting the terms of a Greek bailout and will send a team to Greece next week to meet with the new government.

A spokesman says IMF officials will join officials from the European Commission and the European Central Bank at the meetings.

Gerry Rice, a spokesman for the IMF, said a separate "negotiating team" from the fund will then visit Greece after the fact-finding visit. He wouldn't provide more details about timing. The negotiating team will discuss the policies Greece must follow to meet the terms of its bailout, he said.

"If the new government has ideas on how those program objectives can be achieved, we're open to those discussions," Rice said.