Lagarde: No request for new austerity measures by Greece ‘whatsoever’ – cites ‘compliance’

13 October 2017
140 Views

IMF Managing Director Christine Lagarde herself emphasized on Thursday that the Fund has not asked for new austerity measures from the government in still bailout-dependent Greece.

Lagarde made the statement during a wide-ranging press conference in Washington D.C., ahead of the IMF/World Bank annual autumn meetings in the US capital and in the wake of revised IMF forecasts over memorandum-mandated primary budget surplus targets

In response to a question by a Greek reporter asking about a debt solution and the “clear exit” scenario being promoting by the embattled Tsipras government, Lagarde said:
“..First of all let me acknowledge that there has been a lot of work done over the years and huge efforts consented by the Greek people, and it’s immensely impressive in that respect. Second, we have, in July, agreed to a program that is obviously subject to the debt restructuring that we have always consistently indicated as necessary. Third, we are not asking for any new measure, whatsoever, and we will simple be attentive to compliance with the commitments made by the Greek authorities …

“…we’ll continue discussions with the European partners, and the Greek authorities, and members of the ‘quadriga’ to see that this debt sustainability is arrived at and what measures will be necessary in the process.”
She also said that the IMF will continue to cooperate with the ESM.

You may be interested

EU Poll: Greeks overwhelmingly convinced of widespread corruption
FINANCE
shares39 views
FINANCE
shares39 views

EU Poll: Greeks overwhelmingly convinced of widespread corruption

makis - Dec 12, 2017

Corruption in Greece is an ongoing political issue, that has been debated to death over the past 35 years. Now…

Turkish PM Yildirim escalates rhetoric against Greece
GREECE
shares38 views
GREECE
shares38 views

Turkish PM Yildirim escalates rhetoric against Greece

makis - Dec 12, 2017

Two days before his arrival in Greece, Turkish PM Binali Yildirim directly disputed the current Status Quo in the Aegean…

One in three Greeks unable to afford basic material goods
GREECE
shares62 views
GREECE
shares62 views

One in three Greeks unable to afford basic material goods

makis - Dec 12, 2017

One in three Greeks or 32% in 2016 were unable to enjoy basic material goods and social benefits, according to…

Leave a Comment

Your email address will not be published.