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Thursday, May 28, 2015

Grexit is a possibility, warns head of IMF

Christine Lagarde says deal with Athens is unlikely in next few days, after Greece’s lead negotiator claimed high-level intervention was needed in talksThe head of the International Monetary Fund has warned that a Greek exit from the eurozone is a “possibility” as debt talks reach a critical stage.Christine Lagarde said a deal with Athens was unlikely to be reached over the next few days, as the indebted country strives to meet a 5 June deadline for a €305m (£218m) payment to the IMF. In an interview with the Frankfurter Allgemeine Zeitung, the IMF managing director said: “A Greek exit is a possibility.” Related: Creditors doubtful as Greece predicts bailout deal by Sunday - live updates Continue reading...


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