IMF and European Central Bank put pressure on Greece – The Nación.com.py

The main economic leaders on Saturday increased pressure on Greece to ask their government in Washington a detailed fiscal reforms as a condition for further financing plan, and warning that time is running out for Athens.

While Greece and its European creditors are meeting in Paris, the general director of the International Monetary Fund (IMF), Christine Lagarde, and the president of the European Central Bank, Mario Draghi, accused the country of not providing enough information about his plans for reform.

“We need more work, more work, and it is urgent,” Draghi said during a press conference on the last day of the annual meeting of the IMF and the World Bank (WB) in Washington.

Greece negotiates a trial with the EU to release EUR 7,200 million (USD 7,800 million) in funds urgently needed to meet its obligations, such as payment of wages and a series of debt payments to the IMF and the ECB in the next three months.

Lagarde said he met with Greek Finance Minister Yanis Varufakis, during meetings of the IMF and WB , and pressed for details of the plan, ensuring that Greece hopes not only quicken the pace but also “a deepening of the work.”

“The work of a minister of finance (…) is to deepen the analysis (…) and then move forward, “he said.

The government of Prime Minister Alexis Tsipras aims to relax austerity conditions imposed by creditors, but by the time the attempt has failed effects. For an agreement, European creditors and the IMF call for progress on reforms requested.

“We all want that Greece will succeed” in their attempts to overcome the crisis, said the head of the ECB, warning that ” the answer is in the hands of the Greek government. “

A default on its obligations” would be negative for all, “said Spanish Economy Minister Luis de Guindos.

The meeting Paris between representatives of the European Union, the European Central Bank and the International Monetary Fund, is an advance to try to reach an agreement before the April 24 meeting of finance ministers of the Eurozone, in Latvia.

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