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'Not a Joke' EU-IMF Spat over Greece Worries Investors

Even as European finance ministers agreed with the International Monetary Fund on Monday to grant Athens more time to meet its budget reduction targets, a deep rift became apparent. Greece's overall debt load is massive, and the EU and IMF are in conflict over the best method and timeframe for reducing it.
Greek parliament in Athens: The country's creditors has granted it two additional years to hit its budget reduction targets.

Greek parliament in Athens: The country's creditors has granted it two additional years to hit its budget reduction targets.

AFP
cgh -- with wire reports