IMF does not expect Greek eurozone exit after election

GMT 17:44 2015 Thursday ,22 January

Arab Today, arab today IMF does not expect Greek eurozone exit after election

A Greek one drachma coin (L)
Washington - AFP

The International Monetary Fund on Thursday downplayed the possibility that Greece would exit the eurozone after Sunday's general election that could be won by the anti-austerity leftist Syriza party.
"We do not see Grexit as a possible outcome," IMF spokesman Bill Murray said at a regularly scheduled press briefing.
The IMF has been a partner with the European Union in a multi-million euro financial rescue of Greece since 2010.
Syriza, who has a steady lead of about three points in pre-election polls, opposes the austerity program Greece accepted in exchange for the bailout, and plans to renegotiate the deal, including a possible renegotiation of the country's debt.
The IMF spokesman declined to comment on the potential outcome of the vote, saying only "we fully expect to be engaged with whatever government is elected."
IMF Managing Director Christine Lagarde on Monday warned of "consequences" if European countries try to renegotiate their debts.
"Collective endeavours are welcome, but at the same time a debt is a debt and it is a contract," Lagarde told the Irish Times during a visit to Dublin.
"Defaulting, restructuring, changing the terms has consequences on the signature and the confidence in the signature," she said.

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