Lithuania, Turkey in talks with IMF

Lithuania and Turkey have both confirmed that they are in talks with the International Monetary Fund (IMF) about possible loans.

Reinoldijus Sarkinas, the governor of the Lithuanian central bank, confirmed on Friday that authorities in country will hold what he described as "informal talks" with officials from the Fund during their visit to the country next week.

He did, however, play down suggestions that the Baltic nation was in urgent need of immediate of additional funding, after earlier