Tags: imf | lagarde | greece | bailout

IMF's Lagarde: Greece Must Stick to Bailout Terms

Wednesday, 16 May 2012 05:02 PM EDT

Political leaders in Greece need to show the resolve to stay in the euro zone, which will require Athens to stick to the terms of its rescue package, International Monetary Fund Managing Director Christine Lagarde said on Thursday.

"I think what we should look at is the optimal scenario where the country has the political resolve to actually observe the commitment, comply with the undertaking, stay within the zone, which seems to be the desire of the population," Lagarde said in an interview on Dutch television.

"But it goes with the effort to abide by the program which has been put in place and where the euro partners actually agreed to support the country."

Euro zone exit "would be extremely expensive and hard, and not just for Greece," Lagarde said.

© 2024 Thomson/Reuters. All rights reserved.


130
2012-02-16
Wednesday, 16 May 2012 05:02 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved