Argentina "very close" to IMF accord - Report

ARGENTINA - Argentina's economy will shrink even further this year, the International Monetary Fund has warned.

Argentina is "very close" to reaching an accord with the International Monetary Fund, but will not give in to all the IMF's conditions, Presidential Spokesman Eduardo Amadeo said early Friday.

"We are very close to reaching an accord, but not everything that the IMF asks is acceptable," Amadeo said in a telephone interview with a news agency. "We can't accept more massive layoffs," he

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