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IMF's Lagarde not sure yet about debt relief for Greece

It is not clear yet whether Greece needs debt relief, according to International Monetary Fund managing director Christine Lagarde.

I would not pass judgment on whether or not debt relief is or is not needed or what form the European support will take, she told journalists in a briefing on Tuesday. I think the jury is out.

Lagarde said lenders would have a clearer picture of the issue following the fifth review of Greeces adjustment program, which is due to start in mid-September.

The first step is to examine the countrys debt sustainability based on the primary surplus which has been identified and to see what we can expect going forward.

ekathimerini.com , Wednesday Jul 30, 2014 (11:39)  
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