Christine Lagarde urges Greece to Implement Reforms and Europe to Offer Debt Relief

Speaking at an event organized by the Center for Strategic International Studies (CSIS), Christine Lagarde, Managing Director of the International Monetary Fund, stated that Greece must implement key reforms in order for the IMF to participate financially in the bailout program.

She also noted that Europe should offer Greece substantial debt relief which, combined with an extension of maturities and a reduction – lock of interest rates for a long period of time, can provide Greece with a solution that the IMF will fund.

When asked about the IMF participation in the Greek program, Christine Lagarde said that the Fund is not in the program for the past two years but noted that “we may be in the future.”

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