IMF not in aid talks with Spain, Portugal: Lipsky

WASHINGTON (BestGrowthStock) – The International Monetary Fund is not in program talks with Portugal and Spain, a senior IMF official said Sunday, amid market concerns that the two countries may need financial help.

“There are no program negotiations occurring at this time with either Portugal or Spain. There are no program negotiations underway at this time,” IMF First Deputy Managing Director John Lipsky told a conference call with reporters after the IMF approved a 30 billion euro rescue loan for Greece.

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(Reporting by Lesley Wroughton, editing by Jackie Frank)

IMF not in aid talks with Spain, Portugal: Lipsky