- Title: EUROZONE-GREECE/LAGARDE IMF chief says cannot bend IMF rules for Greece
- Date: 8th July 2015
- Summary: WASHINGTON, D.C., UNITED STATES (JULY 8, 2015)(REUTERS) ***WARNING CONTAINS FLASH PHOTOGRAPHY*** CAR CARRYING CHRISTINE LAGARDE TO BROOKINGS INSTITUTION VARIOUS OF OFFICIALS WITH LAGARDE EXITING VEHICLE LARGARDE EXITING VEHICLE AND ENTERING THE BROOKINGS INSTITUTION
- Embargoed: 23rd July 2015 13:00
- Keywords:
- Topics: General
- Reuters ID: LVA586QDPMC4WY7YBCBBWTBQNL2F
- Aspect Ratio: 16:9
- Story Text: The head of the International Monetary Fund on Wednesday (July 8) reiterated that the global financial institution cannot bend its rules when it comes to Greece, striking a somber tone in commenting on the "acute crisis" in the eurozone country.
"Greece is in a situation of acute crisis, which needs to be addressed seriously and promptly," she said, adding that the IMF would be "fully engaged" in helping to find a solution.
The IMF has been adopting a line of not silence, but we try to be mindful of developments and not be excessive in our positions," IMF Managing Director Christine Lagarde said at the Brookings Institution think-tank in Washington, D.C.
Lagarde said the IMF would continue to be involved in the process.
"We remain fully engaged in order to help find a solution that will be most conducive to what I said is our mission to try to help with restoring stability, growth and debt sustainability," Lagarde said at the Brookings Institution.
After five years of economic crisis and mass unemployment, Greek electors on Sunday voted 61.3 percent 'No' to the bailout conditions already rejected by their radical leftist government, casting Greece into the unknown.
France and Germany have told Greece to come up with serious proposals in order to restart financial talks with the goal of negotiating a new bailout plan. - Copyright Holder: REUTERS
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