01-07-2015 23:31 via news.yahoo.com

IMF's Lagarde says Greece must reform before debt relief

One day after Greece became the first developed economy to default on a loan with the International Monetary Fund, the head of the international lender on Wednesday suggested that Greece should move to reform its economy before its European creditors give it a break on its debt. In an interview with Reuters, IMF Managing Director Christine Lagarde was asked which should come first, commitments to reform by Athens or relief on its debts from euro zone governments. "Given where we are, my sus
Read more »