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> Economy

IMF asks for cuts in pensions, VAT raise – Greece will meet commitments ad infinitum

After a meeting between IMF director Christine Lagarde and Greek FinMin Yanis Varoufakis

Newsroom April 6 11:12

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“Greece intends to pay all of its commitments to lenders ad infinitum”, stated FinMin Yanis Varoufakis after the crucial meeting he had with IMF director Christine Lagarde in Washington D.C.

 

Speaking to reporters, the Greek FinMin reiterated that the leftist government intends to push forward with “deep reforms for Greece”.

 

On her part,  Lagarde asked Athens to apply due diligence.

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According to the German Press  Agency, Lagarde asked for cuts in pensions, as well as a rise in VAT. According to DPA, the IMF is a particularly harsh negotiator, while “European lenders are much more flexible than the IMF”.

 

Lagarde was content with Varoufakis’ statement that Greece will meet all of its commitments to the Fund on April 9.
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