Lagarde does not rule out a Greek exit of the Eurozone – radiofórmula

May 29, 2015

The Managing Director of International Monetary Fund (IMF), Christine Lagarde, said the exit of Greece from the euro zone is “a possibility”, but it will not mean the end of the euro

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Photo: Reuters

BERLIN The managing director of the International Monetary Fund (IMF), Christine Lagarde, said the exit of Greece from the euro zone is “a possibility”, but will not mean the end of the euro.

In an interview published Friday by the daily Frankfurter Allgemeine said that if Athens finally leaves the euro “will not be an easy road,” but understand that not be the end of the common currency.

The economic situation in Greece and its negotiations with financial institutions managed to monopolize much of the media attention of the meeting of G7 finance ministers, which concluded Friday in Dresden.

The statements of the director IMF Managing highlight the growing impatience of creditors Athens and mark the distance with the government of Alexis Tsipras, who in recent days had been very optimistic a deal in the short term.

“It is very unlikely that in the coming days to agree a global solution achieved. Last week disenchantment reigned again, there is much yet to carve, “said Lagarde.

Despite the possible bankruptcy of the Greek state, the director of the International Monetary Fund rule out a new loan disbursement if before not reached a serious agreement implementation of reforms.

“We have rules, we have principles,” Lagarde said, recalling that the 7000 200 million euros that Greece has not yet received the second bailout will not be delivered until Athens present a list of reforms before the end of June.

He clarified that, in his view, the IMF is not responsible for the fate of Greece. In this regard, he noted that if Europeans want to avoid bankruptcy of the country must “take precautions”.

“When the prerequisites are met, the ECB and the euro countries will give the Greeks a little air to breathe” he said.

The meeting in which finance ministers of the Group of Seven (G7) and their central bankers, along with economic experts and top representatives of the European Central Bank (ECB) are involved, the International Monetary Fund (IMF) and the Eurogroup became a major focus of interest on the talks hinted that the institutions carried out with Greece.

“No one wants Europeans a Grexit” (name called the exit of Greece from the euro zone in the political and journalistic jargon), Lagarde said.

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