IMF's Lagarde rules out special treatment for Greece
[PARIS] Greece must respect the euro zone's rules and cannot demand special treatment for its debt in the wake of the victory of anti-austerity party Syriza, International Monetary Fund chief Christine Lagarde said in a newspaper interview on Monday.
"There are internal euro zone rules to be respected,"Lagarde told Le Monde daily. "We cannot make special categories for such or such country."
Lagarde added that Greece still needed to carry out key reforms, such as tax collection and reducing judicial backlogs. "It's not a question of austerity measures, these are in-depth reforms that remain to be done," she said.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Putin plans to meet Xi in China days after his new term starts
Biden vetoes bid to repeal US labour board rule on contract, franchise workers
Economic leaders of South Korea, Japan, China say FX volatility is a risk
US automakers win extension on use of Chinese graphite in EV tax credits
US service sector contracts in April; price pressures up
Thaksin’s daughter calls central bank independence an ‘obstacle’