The IMF chief’s calling for Greece to be given another 2 years to meet its budget targets saying also that the IMF could be involved in new euro bailout programs without contributing its own loans
Instead of front-loading the Greek bailout with budget cuts and structural changes, she said “it is sometimes better, given the circumstances…to have a bit more time.”
“This is what we advocated for Portugal, it’s what we advocated for Spain, and it’s what we’re advocating for Greece, where I have said repeatedly that an additional two years was necessary for the country to actually face the fiscal consolidation program that is considered,” Ms. Lagarde said.
More…. WSJ
