IMF: Greece needs reforms and debt relief

IMF: Greece needs reforms and debt relief

Athens, September 18, 2015/ Independent Balkan News Agency

By Spiros Sideris

The IMF has not been involved in the discussions in view of the recapitalisation of the Greek banks assured its spokesman Jerry Rice and reiterated the debt issue that Greece needs reforms and adequate funding of the programme, which also includes the debt relief.

The Fund’s spokesman denied the information saying that the IMF has not been involved in discussions with representatives of large funds, in view of the recapitalisation of Greek banks.

During the regular briefing in Washington, Rice declined to refer to anything related to Greece, invoking the upcoming elections.

As he said, “we will respect the political process in Greece”.

He added that, after the elections, the IMF intends to cooperate with the new government of Greece, thus contributing to its economic recovery.

Once again, he avoided to answer as to when the IMF will decide to participate in the third programme.

He recalled, however, that the IMF chief Christine Lagarde has recently said that the debt issue has “both legs. One leg is associated with the radical reform of the Greek economy and the second leg is related to the adequate funding of the programme, which includes the relief of the Greek debt”.