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Friday, July 17, 2015

Lagarde says IMF ready to take part in 'complete' Greek package

PARIS (Reuters) - IMF Managing Director Christine Lagarde said on Friday the Fund was ready to participate in what she called a "complete" package to put the Greek economy back on its feet, make its debt sustainable and allow it to get its funding from financial markets. She reaffirmed on Europe 1 radio her view that the country needed some form of debt relief, arguing that this did not have to be an outright write-off but could involve measures such as a significant extension of loan maturities and stretching of repayment schedules. (Reporting by Mark John; editing by Dominique Vidalon)


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