Mantega gives fresh twist to Brazil-IMF spat over Greece aid

Aug 08, 2013, 3:41 PM EDT
Brazil's Finance Minister Guido Mantega gives a news conference in Brasilia, July 22, 2013.
REUTERS/Fabio Rodrigues-Pozzebom

Brazil's finance minister, Guido Mantega, has called for IMF-supported bailouts for southern euro-zone countries to be reviewed to make them more economically sustainable. Mantega's remarks are the latest chapter in a difference of opinion between Brazil and the Fund over Greece's bailout. Brazil's representative at the IMF, Paulo Nogueira Batista, has criticized the Fund's program for Greece for being poorly conceived. Mantega's remarks come as Greek prime minister Antonis Samaras is due in Washington to discuss the IMF's next €1.8 billion tranche of aid to Greece.