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> Economy

IMF: Greece could do without the Fund’s money

IMF should reassess its harsh demands on the Greek program, said Lagarde

Newsroom July 8 08:18

IMF director Christine Lagarde said the fund was used as ‘a convenient scapegoat in the Greek program’, in an interview to French New Agency. Lagarde stressed the IMF would commit to remain on the program if there were reasonable projections for growth and some serious reforms were implemented. She continued by reiterating once more that the Fund would offer its support once it concluded the country’s debt was sustainable. ‘There are more solutions, and if the IMF does not release any money that does not necessarily lead to a negative outcome for Greece’, she said in a cryptic statement. She also admitted that the Fund would have to reassess whether its demands for the readjustment of the Greek economy were too harsh.

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