5 Mar 2015
We need to see how Greek reforms are going to be implemented – IMF Lagarde
FXStreet (Mumbai) - The success of Greece's reform plan depends on how they will be implemented, the International Monetary Fund (IMF) managing director Christine Lagarde said on Wednesday.
Key Quotes:
"They have four months within which to put together and agree with their partners, particularly the members of the euro zone, what their framework for growth will be, what reforms they're going to undertake, what fiscal policy they will apply, how they will develop in practice their goal of making the rich pay, bringing more equality in their society, go after corruption,"
"We need to see in practice how it's going to be implemented,"
They've made progress over the years,"
"But now clearly number one, they should not lose the benefit of that progress and, two, they really have to reform in-depth the economy so that it works, so that it's attractive again and so that people want to invest in Greece, so that people want to lend to Greece."
Key Quotes:
"They have four months within which to put together and agree with their partners, particularly the members of the euro zone, what their framework for growth will be, what reforms they're going to undertake, what fiscal policy they will apply, how they will develop in practice their goal of making the rich pay, bringing more equality in their society, go after corruption,"
"We need to see in practice how it's going to be implemented,"
They've made progress over the years,"
"But now clearly number one, they should not lose the benefit of that progress and, two, they really have to reform in-depth the economy so that it works, so that it's attractive again and so that people want to invest in Greece, so that people want to lend to Greece."