German Chancellor Stands Firm on Greece IMF Bail Out

World | March 25, 2010, Thursday // 12:59
German Chancellor Stands Firm on Greece IMF Bail Out: German Chancellor Stands Firm on Greece IMF Bail Out Merkel said she would seek EU treaty changes to stop future crises. Photo by BGNES

Chancellor Angela Merkel has told Germany's parliament she will insist that the IMF is involved if debt-ridden Greece needs to be bailed out.

Before heading to an EU summit in Brussels, she made clear she would disappoint other countries, like France, which want a purely EU bailout, the BBC reported.

Merkel also said she would seek EU treaty changes to stop future crises.

Germany has blocked a pre-summit meeting of eurozone leaders to discuss the Greek crisis.

Berlin apparently believes there is no point in such a meeting because a deal is not imminent.

Earlier Thursday, EC President Jose Manuel Barroso called on eurozone countries to decide on help for the debt crisis in Greece.

If IMF help is required it would be the first time a eurozone country is rescued from Washington and some fear that would further weaken the euro.

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Tags: Angela Merkel, IMF, greece, Greece debt crisis

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