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
South Korea readies new system to detect illegal short-selling
US births retreat after pandemic-era growth
Markets are embracing India's Modi for what he won’t do
Blinken to meet businesses in Shanghai as he kicks off a tough China trip
Indonesia’s central bank surprises with ‘pre-emptive’ rate hike to cushion falling rupiah
South Korea’s economic growth beats forecast as exports rise