The International Monetary Fund hasn't ruled out putting together more aid for Greece to help the country stave off an unlikely default, if ever needed, a person familiar with the matter said, The Wall Street Journal reported. In May, the IMF, European Commission and European Central Bank gave Greece access to a €110 billion ($143 billion) rescue package to avoid bankruptcy in exchange for strict austerity measures. "Despite the exceptional access and support Greece has been given so far, that does not of itself preclude a future follow-up or additional arrangement with the IMF afte

Greece raised €1.17 billion ($1.5 billion) in an oversubscribed sale of 26-week treasury bills Tuesday, in the first of a regular monthly debt issue as Greece tests the market's appetite for buying Greek debt, the Associated Press reported. The treasury bill sale, originally for €900 million,- was oversubscribed 4.54 times - compared to 3.64 times for the last 26-week T-bill issue in July - and had a yield of 4.82 percent, the Public Debt Management Agency said. It accepted additional noncompetitive offers of euro270 million.

Greece is reluctantly coming to accept that paying taxes is among life's certitudes, Foreign Policy reported. The central Athens neighborhood of Kolonaki is the native habitat of Greece's moneyed elite. The streets here are lined with some of the world's most expensive brands -- Cartier, Louis Vuitton, Bulgari -- and pleasant cafes steaming up $6 coffees.

An internal International Monetary Fund assessment paints a dour picture of Greece's path to economic recovery, with years of high unemployment rates, slow growth and political bickering threatening to undermine a recently approved international rescue program.

Add this to the list of reasons German taxpayers are unhappy about having to lend Greece money to ease its debt crisis: In effect, they already have, The New York Times reported.

Greece's request for aid from the euro zone and the IMF will provide only temporary relief, The Economist reported. Greece’s prime minister, George Papandreou, faced the television cameras on Friday 23rd April to anounce that his government would draw on emergency aid to tide it over for the rest of the year. Mr Papandreou decribed the rather embarassing request to to other euro zone members and the IMF as “an extreme necessity.” This followed a week in which yields on Greek bonds reached an alarming 8.9%.