SHOTLIST
1. Wide of International Monetary Fund (IMF) news conference
2. Cutaway of photographer
3. SOUNDBITE (English) Dominique Strauss-Kahn, International Monetary Fund (IMF) Managing Director:
"It''s clear that the Greek situation is a very serious one and we are very much concerned. It''s a serious one for the question of macroeconomic stability of Greece and even more than Greece, it''s also a very serious question for the Greek people."
4. Cutaway of media
5. SOUNDBITE (English) Dominique Strauss-Kahn, International Monetary Fund (IMF) Managing Director:
"There''s no way, no silver bullets to solve it in an easy manner. So we will have all together; the Europeans, the Greeks, the Greek authorities I mean, but also the Greek people and all of part of the society, the unions, the business union, everybody and the IMF to find together the best way to put Greece back on track."
6. Wide of Strauss-Kahn at news conference
7. SOUNDBITE (English) Dominique Strauss-Kahn, International Monetary Fund (IMF) Managing Director:
"We expect to contemplate over time some revaluation of the currency, just in the interest of the Chinese economy itself because when you have a more domestic led growth model, you want to fight inflation, you want to need, to give more purchasing power to your consumers and this goes along with higher value of the Renminbi (Chinese yuan, also known as the renminbi). So I''m not expecting that it is going to happen overnight but I think that''s the medium term strategy that I will advise the Chinese authorities to follow and I think they will follow, not because I am advising it but because it''s in their own interest."
8. Cutaway of media
9. SOUNDBITE (English) Dominique Strauss-Kahn, International Monetary Fund (IMF) Managing Director:
"It will be totally wrong to argue that because of the stimulus you have an increase in the debt ratio. Because of the stimulus you had more growth and less increase in the debt ratio that we would have had without the stimulus and that I think is a very very important point. The other point is of course our main concern today; has to do with unemployment and the answer I gave to your Canadian colleague is that one of the threat, not only one of the concern but a threat to the recovery. One of the concern because it means the crisis is not over but one of the threat because with high unemployment you have high, sorry have low private demand and this low private demand may be one of the reasons why the recovery doesn''t go fast enough."
10. Wide of Strauss-Kahn at news conference
STORYLINE
The head of the International Monetary Fund said on Thursday that the debt crisis in Greece is serious and there would be no "silver bullet" to resolve the issue in an easy manner.
IMF Managing Director Dominique Strauss-Kahn said that negotiations with the IMF over conditions for a support package were just beginning and would take some time to come to a resolution.
But Strauss-Kahn told reporters that the IMF was not considering some type of restructuring of Greek debt that would make holders of the debt accept something less than full value for their loans.
That worry has roiled markets in recent days.
"It is clear that the Greek situation is a very serious one," Strauss-Kahn said. "There is no single way, no silver bullet to solve it in an easy manner."
Strauss-Kahn spoke in advance of discussions over the next three days among global finance officials including finance ministers and central bank governors of the Group of 20 nations, which include the world''s richest industrial countries and major developing nations such as China, Brazil, India and Russia.
On China, Strauss-Kahn said he would advise Chinese officials to a revaluation of the Renminbi (Chinese yuan).
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