greece talks still need more adulthood
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

IMF Managing Director Christine Lagarde:

Greece talks still need 'more adulthood'

Arab Today, arab today

Arab Today, arab today Greece talks still need 'more adulthood'

IMF Managing Director Christine Lagarde
Washington - Arab Today

International Monetary Fund Managing Director Christine Lagarde said Wednesday that talks between Greece and its creditors still would benefit from "a bit more adulthood."

In an interview with CNN, she said the country's default on its IMF debt Tuesday was "clearly not a good development," as it prevents the Fund from providing any more financing to the country.

She said to move ahead, and benefit from more support from official creditors, Greece needs to undertake more structural reforms as required under the EU-IMF programs of the past five years.

"There are structural reforms, fiscal adjustments to make sure the country is on a sustainable path," she told CNN.

The member countries of the IMF "would like to see the situation resolved (and) uncertainty waived,' she said.

"They are also very keen that this matter be resolved in an even-handed fashion, and they really do not see the reason why there would be a special case or a special treatment" for the country.

"Whether you look at Ireland or Portugal in the eurozone, or whether you look at other countries on other continents, these situations happen, countries have to take hard measures."

She said she is sensitive to the needs of Greece's people.

Even as creditors are demanding stronger tax collection in Greece, "they have to be paid particular by those who are the wealthiest."

"On the other hand, clearly there has to be a social safety net gradually put in place" for the most vulnerable people.

She said that even if Greece has defaulted on its loans, the IMF "will stay engaged; this is the mission of the fund."

At the same time, she added, "Given the level of uncertainty, confusion and constant movement, I think a bit more adulthood would still be needed" in negotiations.
Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

greece talks still need more adulthood greece talks still need more adulthood

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

greece talks still need more adulthood greece talks still need more adulthood

 



GMT 15:46 2018 Wednesday ,12 December

Festive Fashion by Dubai-based designer ASMARAÏA

GMT 22:24 2017 Tuesday ,12 December

Bahrain hosts ALECSO, ISESCO experts meeting

GMT 01:57 2017 Wednesday ,11 January

Kuwait to start importing gas from Iraq

GMT 06:08 2017 Sunday ,17 September

Kurdish parliament votes to move ahead with referendum

GMT 19:23 2016 Tuesday ,20 December

At least 22 dead in clashes in Yemen’s Taiz

GMT 18:29 2017 Thursday ,09 March

IOF Arrest Palestinian Female MP in West Bank Raid

GMT 11:18 2017 Sunday ,10 December

Volcanic eruptions no match for cockfighting

GMT 02:28 2017 Monday ,23 October

Oct24/Nov22

GMT 18:32 2017 Wednesday ,29 March

Second Youth Panel of Supreme Committee for Delivery

GMT 14:25 2017 Thursday ,06 July

Trump says US-Europe bond 'as strong as ever'

GMT 01:50 2016 Tuesday ,01 November

Egypt, Singapore agree on expanding cooperation

GMT 04:57 2016 Monday ,28 November

AL warns of violence against women in Middle East
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday