Wednesday 4 July 2012

Lagarde (IMF) not in mood for renegotiation with Greece's new government

From CNBC Press Release:

BARTIROMO: TODAY, WE HAVE GREECE'S NEW GOVERNMENT SAYING IT WILL PRESENT ALARMING DATA ON THE RECESSION, ON THE UNEMPLOYMENT NUMBERS, TO INTERNATIONAL DEBT INSPECTORS IN A BID TO RENEGOTIATE THE TERMS. ARE YOU POISED TO RENEGOTIATE THE TERMS FOR GREECE?

LAGARDE: I'M NOT IN A NEGOTIATIONS OR RENEGOTIATIONS MOOD AT ALL. WE ARE IN A FACT-FINDING MOOD. I'M SURE THEY WILL HAVE EXCELLENT NUMBERS TO SHOW IN VARIOUS DIRECTIONS. I'M VERY INTERESTED IN SEEING WHAT HAS BEEN DONE IN THE LAST FEW MONTHS, IN TERMS OF COMPLYING WITH THE PROGRAM.

CNBC Interview with Lagarde (Video) Listen and watch, especially from 2.20-2.55

Bloomberg Business Week

No comments:

Post a Comment