IMF chief praises Greek efforts to right economy

Dominique Strauss-Kahn says the country was on the edge of a
cliff earlier this year as it faced defaulting on its debts. But he believes
the austerity program instituted by the Athens government will help the country
get its economy back on track.
Strauss-Kahn said Saturday that other countries in Europe
with more economic breathing room could help Greece by promoting higher growth
policies to improve the outlook for the euro zone.
Greece narrowly avoided defaulting on its debts in May after
the IMF and other European Union countries using the euro granted it rescue
loans under a three-year euro110 billion ($152 billion) package.