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Apr 28 (FT) -- The International Monetary Fund is looking at raising its share of Greece's financial rescue package by €10bn ($13.2bn) amid fears that the planned €45bn bail-out will fail to prevent the country's debt crisis from spiralling out of control.,abercrombie and fitch
Stock markets on both sides of the Atlantic fell on Tuesday, with leading European indices suffering their heaviest falls of the year,casque beats, after Standard & Poor's cut Greece's long-term credit rating to junk status. The struggling nation is the first eurozone member to have its debt downgraded to junk level.
Shares in Athens fell 6 per cent as banks plunged more than 9 per cent. Greek government bonds suffered further heavy falls on growing concern that the country may need to restructure its debts in spite of the proposed eurozone and IMF rescue. Portugal's stock market was down nearly 5 per cent as Lisbon's long-term credit ratings were also reduced to by two notches from A plus to A minus,abercrombie, reflecting the country's weakening public finances.
Senior bankers and officials in Washington and Athens told the Financial Times that the IMF was in talks to increase its aid contribution by €10bn. The fund could make that sum available under a planned three-year loan,burberry, according to an Athens-based analyst familiar with the talks.
Investors and policy specialists said that expectations of the size of the three-year package in Washington policy circles had increased to at least €70bn. The EU has so far proposed to provide €30bn and the IMF €15bn. "The fund's current ceiling for Greece is €25bn and the release of the extra amount is under discussion,louboutin," the analyst said. The IMF declined to comment on the size of the package.
Jean-Claude Trichet,doudouen moncler, European Central Bank president,doudoune moncler pas cher, said a Greek default was "out of the question." European Commission officials said debt restructuring was not under consideration in the talks in Athens between the Greek government,casque dr dre, EU authorities and the IMF. EU officials expect eurozone governments will give final approval to their aid package in early May.
The S&P 500,louboutin pas cher, FTSE 100 and Eurofirst 300 share indices fell,burberry pas cher, while the euro sank almost to a one-year low against the dollar. US Treasuries and German bunds benefited as investors sought havens. Bund yields, which have an inverse relationship with prices, saw their biggest daily fall since July.
Greek two-year bond yields rose 2 percentage points to 14.96 per cent -- a record high since Greece joined the euro. Investors said Greece needed €100bn in support and believe the proposed €45bn is likely only to be enough for Greece to fund itself to the end of the year.相关的主题文章：
