Home News Lagarde: “I’m Impressed With Greece”

Lagarde: “I’m Impressed With Greece”

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15628429_FLR27_EUROZONE_EUROGROUP__0708_11_1373432591456.limghandlerGreece can achieve a budget surplus by the end of the year, although there is still much work to be done on reforms, according to statements made by IMF head, Christine Lagarde, on the American TV network CNBC.

“When I look at Greece, I am very impressed by the efforts made to restore the country’s budget. It is possible that by the end of 2013 Greece may have a primary surplus, which will be a resounding success,” Lagarde stated.

However, the Head of the IMF added that much more needs to be done, particularly regarding tax reforms, privatization as well as state management. Moreover, the assessment that Greece is getting out of this huge financial crisis was also highlighted by the president of the Eurogroup, Geroun Nteiselmploum.

He spoke about a satisfactory budget development as well as the creation of the expectation that crisis-stricken Greece will be able to to put its economy on a path to growth within 2014. Nteiselmploum however, like Lagarde, did not fail to add that these reforms may be difficult, but are necessary for the modernization of the economy.

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  • 68040

    IMF are a bunch of crooks. They made a mess out of every South American country they meddled with. Oliver Stone did a nice documentary on that. Iceland did the opposite of IMF’s recommendations and is better off. The EU increased Greece’s deficit two points higher than it was to trigger an unneeded “IMF bailout” which coupled with the fraudulent derivatives Germany got Greece to sign coupled with fraudulent ratings agencies and fraudulent speculators trading derivatives caused Greece’s debt to expand through the derivatives market. Then to add insult to injury the IMF who don’t pay taxes and live in luxury homes worldwide said Greeks don’t pay enough taxes even though 90% of the debt was fraudulently expanded derivatives which IMF supported.

  • worldarts

    The EU COMMISSION and the IMF are a FRAUD & FARCE– What a joke Olii
    Rehn, Merkel, Schnauble (“Dr. Strangelove”), and Legarde are ! — Did
    you know IMF head Legarde had her house raided by French Police for financial
    fraud? And the ECB’s Mario Draghi worked for corrupt Goldman Sachs group in
    Europe—-

    It is absolutely incredible the Criminals we have running the IMF & Euro
    Zone, who have been using Greece and Cyprus as a “test case” to see just how
    dumb and gullible EU citizens are—

    You MUST GET RID of the EU & IMF now or become Slaves for life to
    their devious plans!!

    LOOK THIS UP on YouTube…copy & paste below…. Amazing !

    “The European Union & Soviet Union similarities” – 2013 on YouTube