IMF chief Lagarde says disappointed over inconclusive talks with Greece

By Sarah N. Lynch and David Morgan WASHINGTON (Reuters) - The head of the International Monetary Fund said Sunday she is disappointed in the stalemate over talks to prevent Greece from defaulting on its IMF debt, but said the euro area is in a "strong position" to respond effectively to developments. In a statement, IMF Managing Director Christine Lagarde endorsed a balanced approach to restore economic stability and growth in Greece, accompanied by structural and fiscal reforms, and remained co