Europe Economy

Greece Urges US to Better Regulate Hedge Funds


Greece is urging the United States to step up regulation of hedge funds that Athens blames for making Greece's economic crisis worse.

The Parthenon in Greece
Scott E. Barbour | Getty Images

Finance Minister George Papaconstantinou told The Associated Press on Monday that he was also seeking advice from the International Monetary Fund during a trip to Washington.

He's accompanying Greek Prime Minister George Papandreou.

Papaconstantinou said meetings with the IMF on Monday did not touch on financial aid but were on advice about tax and budget reform.

He said Greece was briefing the Obama administration on those reforms and discussing global financial regulation. Papandreou is set to meet President Barack Obama on Tuesday.