Olli Rehn says Greece needs more funds

European Union economics commissioner Olli Rehn said euro-zone governments may have to increase their contribution to Greece’s debt deal and declared he was hopeful agreements could be struck soon to increase euro-zone bailout funds and International Monetary Fund resources. 

He also made an appeal to the U.S. and other countries not to block an expansion in IMF resources—even if they didn’t want to contribute directly themselves.

“It’s in the interests of all concerned that we conclude a voluntary deal [for Greece] in the coming days, preferably in January rather than February,” he said in an interview while attending the World Economic Forum in Davos.

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