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Greek debt must be sustainable for IMF to join bailout: Christine Lagarde

Needs to implement reforms to secure a new loan under its 86 billion-euro bailout programme

Reuters  |  Berlin 

Christine Lagarde
Christine Lagarde

The Monetary Fund will not take part in a programme for if it deems the country's debt is unsustainable, the lender's chief Christine Lagarde said in an interview published on Tuesday.

needs to implement reforms agreed by euro zone finance ministers earlier this month to secure a new loan under its 86 billion-euro ($91.58 billion) programme, the third since 2010.

The loan is needed to pay debt due in July, but talks continue and the has not yet decided whether to join the The fund's participation is seen as a condition for Germany to unblock new funds to

"If Greek debts are not sustainable based on rules and reasonable parameters, we will not take part in the programme," Lagarde told German newspaper, Die Welt, when asked if the would take part in the plan if is not restructured.

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Greek debt must be sustainable for IMF to join bailout: Christine Lagarde

Needs to implement reforms to secure a new loan under its 86 billion-euro bailout programme

Needs to implement reforms to secure a new loan under its 86 billion-euro bailout programme

The Monetary Fund will not take part in a programme for if it deems the country's debt is unsustainable, the lender's chief Christine Lagarde said in an interview published on Tuesday.

needs to implement reforms agreed by euro zone finance ministers earlier this month to secure a new loan under its 86 billion-euro ($91.58 billion) programme, the third since 2010.

The loan is needed to pay debt due in July, but talks continue and the has not yet decided whether to join the The fund's participation is seen as a condition for Germany to unblock new funds to

"If Greek debts are not sustainable based on rules and reasonable parameters, we will not take part in the programme," Lagarde told German newspaper, Die Welt, when asked if the would take part in the plan if is not restructured.

image
Business Standard
177 22

Greek debt must be sustainable for IMF to join bailout: Christine Lagarde

Needs to implement reforms to secure a new loan under its 86 billion-euro bailout programme

The Monetary Fund will not take part in a programme for if it deems the country's debt is unsustainable, the lender's chief Christine Lagarde said in an interview published on Tuesday.

needs to implement reforms agreed by euro zone finance ministers earlier this month to secure a new loan under its 86 billion-euro ($91.58 billion) programme, the third since 2010.

The loan is needed to pay debt due in July, but talks continue and the has not yet decided whether to join the The fund's participation is seen as a condition for Germany to unblock new funds to

"If Greek debts are not sustainable based on rules and reasonable parameters, we will not take part in the programme," Lagarde told German newspaper, Die Welt, when asked if the would take part in the plan if is not restructured.

image
Business Standard
177 22