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Originally published on Fri November 23, 2012 1:53 pm
LINDA WERTHEIMER, HOST:
NPR's business news starts with a Greek debt plan.
The International Monetary Fund is reportedly close to approving a deal that would give Greece more flexibility in its efforts to cut its massive debt burden. This will give Greece more time and allow a higher debt-to-GDP ratio than had been agreed on before, according to Reuters. And it should clear the way for the Greek government to get the next round of much-needed financial assistance, which is seen as crucial to boosting a flagging European economy. Transcript provided by NPR, Copyright National Public Radio.