Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

IMF Chief Denies Threat to Pull out of Greek Bailout

International Monetary Fund Managing Director Christine Lagarde denied on Sunday that Imf Staff would push Greece closer to default as a negotiating tactic on a new Greek bailout deal, which she said was “still a good distance away.”

Lagarde said in a letter to Greece’s Prime Minister that the debt talks should continue despite damage from reports of a leaked transcript suggesting that IMF staff may threaten to leave the bailout to force European lenders to offer more debt relief.

“Any speculation that IMF staff would consider using a credit event as a negotiating tactic is simply nonsense,” Lagarde Wrote to Greek Prime Minister Alexis Tsipras.

“My view of the ongoing negotiations is that we are still a good distance away from having a coherent program that I can present to our Executive Board,” Lagarde wrote, adding that such a deal must put Greece on a path of robust growth and gradually restore debt sustainability.

Reuters



This post first appeared on MarketPulse - MarketPulse - MarketPulse Is The Mar, please read the originial post: here

Share the post

IMF Chief Denies Threat to Pull out of Greek Bailout

×

Subscribe to Marketpulse - Marketpulse - Marketpulse Is The Mar

Get updates delivered right to your inbox!

Thank you for your subscription

×