Bonds News

UPDATE 1-EU wants to deal with Greece's problems - IMF chief

(Adds details)

WASHINGTON, Feb 26 (Reuters) - The European Union wants to resolve Greece’s fiscal problems on its own but the International Monetary Fund stands ready to help if asked, the head of the IMF said on Friday.

“They want to clean up the situation themselves. ... I do believe they are able to do that,” IMF Managing Director Dominique Strauss-Kahn told a meeting of the Bretton Woods Committee. “We will do what our members ask us” in terms of providing expertise and support, he added.

Greek Prime Minister George Papandreou said on Friday he would meet leaders from Germany and the United States next month as signs grow that diplomatic efforts are underway to resolve the country’s debt crisis.

Media reports have suggested governments in the euro zone could offer aid worth 20 billion to 25 billion euros to Greece but the EU has not confirmed them.

For now, the IMF is helping Greece through technical advice on how to strengthen its institutions and data. (Reporting by Lesley Wroughton, Editing by Neil Stempleman)