IMF Ready To Support Greece But Needs Guarantees

The International Monetary Fund said on Thursday that it is prepared to support Greece but that it needs the Greek government to approve restructuring plans and the EU to guarantee "full financing" for the program, which is set to expire in 2013. "We stand ready to continue our support for Greece subject to adoption of the economic policy reforms agreed with the Greek authorities," said IMF spokeswoman Caroline Atkinson. "Progress is being made in the discussions to ensure the full financing of the program, and we anticipate a positive outcome on this at the next Eurogroup meeting," she said in a statement.