Lagarde sets conditions for IMF participation in Greek program
The head of the International Monetary Fund Christine Lagarde estimated that the decision as to whether the IMF will participate in the Greek bailout program may be taken in the second quarter of the year.
In an interview published in the Sueddeutsche Zeitung newspaper on Friday, Mrs. Lagarde explained that the Fund will participate in the Greek program provided that measures are taken to ensure the sustainability of the country’s public debt, as well as the implementation of reforms. At present, she added, these two conditions are not being met.
Mrs. Lagarde also stressed the importance of carrying out the critical pension system reform. She noted that while the Greek government has begun the reform, the IMF cannot predict the outcome and will closely monitor the process, while making its observations and recommendations.
According to the German newspaper the IMF chief has arranged to meet with Prime Minister Alexis Tsipras on the 21st of January in Davos.
You may be interested
The miracle berry that fueled Alexander & his Macedonian Army’s conquestsmakis - Jul 20, 2018
Scientists say that a superfood berry was widely consumed by Alexander the Great and his Macedonian army as they set…
14 injured in northern German city after knife attackmakis - Jul 20, 2018
A man has reportedly used a knife on a bus and injured at least 14 more people injured after a…
Greek Ambassador to Russia summoned by Russian Foreign Ministry over expulsion of Russian diplomatsmakis - Jul 20, 2018
Diplomatic relations between Greece and Russia reached a new low, as the Russian Foreign Ministry summoned the Greek Ambassador to…