Lagarde Says Greek Reforms Go On

Samaras_LagardInternational Monetary Fund (IMF) Managing Director Christine Lagarde, whose agency is one of Greece’s Troika of international lenders, told visiting Prime Minister Antonis Samaras in Washington that he must keep pushing reforms, such as austerity measures.  They met for a little less than an hour and afterwards Samaras brushed passed waiting reporters with little comment.

Lagarde said in a statement the two had “a productive discussion … on recent economic developments and challenges facing Greece,” but didn’t say what they were.

“I commended him on the progress that Greece has made under its economic program towards fiscal sustainability, restoring competitiveness and financial stability, and stressed the importance of moving forward on institutional and structural reforms and implementing a robust 2014 budget to achieve the program’s objectives,” Lagarde said. “I assured him that the IMF remains committed to helping Greece in this endeavor.”

The IMF, however, has recommended that Greece be allowed to write off some of its debt from $325 billion in two bailouts, but only to the European Union (EU) and European Central Bank (ECB) and not her agency, which wants to be repaid in full.

Officials from the EU-IMF-ECB Troika on Sept. 29 who were in Athens checking the books put it on hold and left but are expected to return on Oct. 15 after the Eurogroup finance ministers’ meeting in Luxembourg.

The pause is to allow technical work to take place but added that “good progress” has been made in the negotiations, the Troika said in a statement, although earlier it had said there wasn’t.


3 COMMENTS

  1. Why isn’t Legarde and the PRESS asking about the 2 criminal gangs from PASOK & New Democracy Parties running this Government of Thieves, Liars & Crooks who created all these problems today? It was PASOK & ND Parties who created Golden Dawn and the Far Left by their corrupt rule and mismanagement of Greece. (Akis Tzahadzopolous from PASOK is just one example of their corruption).
    1.) Why isn’t the Press asking why PASOK’s MP Venizelos is not in jail for hiding her own Legarde List 2 years in his home?
    2.) Why isn’t PASOK’s Finance MP Papconstantiou in jail for removing his relative’s names on the List?
    3.) What about PASOK & ND Partise still owing 250 million Euros to the Banks in phony loans they have not paid back yet?

    It’s clear to all People that the Gov’t and Press are simply using Golden Dawn as a “distraction” to take attention away from the Massive Crimes these two corrupt Parties have committed as well as Treason against the whole Greek nation after 39 years of power-sharing and totally corrupt rule!

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