IMF's Lagarde wants "real fix," not "quick fix" for Greece
KUALA LUMPUR (Reuters) - International Monetary Fund Managing Director Christine Lagarde said on Wednesday she expected a "real fix" for Greece that included debt sustainability, rather than a "quick fix".
Speaking during a visit to Malaysia, Lagarde said that all of Greece's partners shared the same goal of putting the country's recovery programme back on track.
"All partners share the same objectives and the same concerns, in other words (that) Greece is ... returned to economic stability, can reaccess markets as soon as possible," Lagarde told reporters.
"Obviously from the IMF's perspective, we expect a real fix, not a quick fix, and that means clearly debt that is sustainable as quickly as possible."
Her comments come as the IMF and the EU clash over how Greece can bring its debts down to a sustainable level, reigniting fears that Europe's troubles could flare again.
Euro zone finance ministers have suggested Greece, where the euro zone debt crisis began, should be given until 2022 to lower its debt to GDP ratio to 120 percent but Lagarde has insisted the existing target of 2020 should remain, in an unusually public airing of disagreement.
- Tweet this
- Share this
- Digg this
- Libyan militants overrun Benghazi special forces base as chaos deepens
- Israel intensifies Gaza assault, Egyptians revise truce plan |
- EU and U.S. announce new sanctions on Russia over Ukraine
- EU and U.S. announce new sanctions on Russia over Ukraine |
- At least 43 Palestinians killed as Israel maintains pressure on Gaza |