IMF: Greece Must do More


Christine Lagarde, head of the International Monetary Fund, is intent on keeping up the pressure on Greece to bring its finances into order.

Speaking to the BBC Ms Lagarde insisted that there needed to be a greater level of reform relating to tax collection and structure. The necessity for greater reform comes on top of the already unpopular austerity measures that were imposed on Greece by the IMF and EU in return for receiving bailout funds.

Greek politicians are divided over whether to continue supporting those measures and face a 17 June election.

Speaking to BBC’s Today programme Ms Lagarde said:

“The Greek population has made huge efforts. But they have more to do. There are more structural reforms to be had, there is more tax to be collected and that has a price.”

For full article see Federal Management


This site uses Akismet to reduce spam. Learn how your comment data is processed.