Lagarde: A Greece deal needs debt restructure

GMT 19:44 2015 Wednesday ,08 July

Arab Today, arab today Lagarde: A Greece deal needs debt restructure

IMF Managing Director Christine Lagarde
Washington - Arab Today

International Monetary Fund Managing Director Christine Lagarde said Wednesday that a new plan to prop up Greece's finances requires creditors to restructure debt.

In addition to the reforms Athens needs to undertake, she said, "The other leg is debt restructuring, which we believe is needed in the case of Greece for it to have debt sustainability."

 

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