ECONOMY

IMF’s Lagarde calls for more detail in Greece reform plan

Greece’s reform plan is sufficient to continue giving the country aid but is lacking necessary detail, International Monetary Fund Christine Lagarde said on Tuesday.

In a letter to Eurogroup President Jeroen Dijsselbloem, Lagarde said the Greek list was comprehensive but «not very specific.”

“In some areas like combating tax evasion and corruption I am encouraged by what appears to be a stronger resolve on the part of the new authorities in Athens,» the IMF chief wrote.

“In quite a few areas, however, including perhaps the most important ones, the letter is not conveying clear assurances that the government intends to undertake the reforms envisaged.”

Among other areas of concern, she cited pensions and value-added tax policy as well as labor market reforms.

Eurozone finance ministers agreed in a conference call on Tuesday that a Greek request for a bailout extension could now go ahead, subject to approval by member state parliaments.

European Commission Vice President Valdis Dombrovskis, on Twitter, said «following Eurogroup teleconference decision, national procedures for extension of the Greek program can begin.”

[Reuters]