Lagarde: “Debt restructuring for Greek economy to be sustainable”

11 December 2017
2390 Views

IMF Director Christine Lagarde said the Fund’s board had in principle agreed to approve a “stand by loan” based on specific data. In an interview with Italian newspaper “Il Sole 24 Ore”, Mrs. Lagarde argued that Greece needed a debt restructuring for the country’s economy to become sustainable.

“We have a very clear position: based on specific elements, the IMF board has approved the agreement for a stand-by loan ‘in principle’. The key is that debt restructuring is needed so that the future of the Greek economy can be sustainable”, she said speaking to the Italian newspaper.

“The assessment at the technical staff level, which has just been completed, sets out a series of actions and benchmarks that need to be met. We have to deal with them so that we can move forward. In my forecast, this can happen at the beginning of the new year. “

You may be interested

All coronavirus vaccines in Greece available to citizens aged 40-44 as of Friday, says health expert
GREECE
shares18 views
GREECE
shares18 views

All coronavirus vaccines in Greece available to citizens aged 40-44 as of Friday, says health expert

Panos - May 18, 2021

Citizens aged 40-44 will be able to book vaccination appointments for any of the coronavirus vaccines currently available in Greece…

Dendias will be the first EU FM to visit Israel and Palestine since the start of the crisis
DEFENCE
shares11 views
DEFENCE
shares11 views

Dendias will be the first EU FM to visit Israel and Palestine since the start of the crisis

Panos - May 18, 2021

Greece as pillar of stability and champion of promoting security and prosperity in the wider region is actively involved in…

Erdogan: “84 million Turks will continue to defend Jerusalem” (video)
SLIDE
shares24 views
SLIDE
shares24 views

Erdogan: “84 million Turks will continue to defend Jerusalem” (video)

makis - May 17, 2021

Turkish President Recep Erdogan unleashed an unprecedented attack on US President Joe Biden on the occasion of the approval given…

Leave a Comment

Your email address will not be published.