Thursday, May 28, 2015

Greece: Lagarde says that “there is much work to be done” – Correio da Manhã

Tsipras said negotiations were “close to an agreement.”

The general director of the International Monetary Fund (IMF), Christine Lagarde, warned this farm -Thurs that “there is still much work to be done” so that we can reach an agreement between Greece and international creditors.


Lagarde made the remarks in an interview today in Dresden, eastern Germany, held by public broadcaster ARD television, joining the different positions, sometimes contradictory, that have occurred in the past hours around the crisis in Greek public finances.


“There are clear advances in different areas but there is still much work to do”, said the director of the IMF on the progress of negotiations in Athens Brussels with the group, which includes in addition to the IMF, the European Commission and the European Central Bank (ECB).


The Greek prime minister, Alexis Tsipras, said on Wednesday that negotiations were “close to an agreement”, information that was later contradicted both by the EC as the German Finance Minister, Wolfgang Schäuble, who assured the ARD that the talks “have not advanced much.”

In this regard, Lagarde said:. “We are still working, such that would not say we achieved strong results to meet at the end of the process”


The head of the IMF is Dresden to attend the meeting of G7 finance ministers, an informal forum that includes the United States, United Kingdom, Germany, France, Italy, Japan and Canada.


Lagarde assured to have a “feel good” that the Greek government will fulfill its outstanding obligations to the IMF, which has to return in June 1,500 million from the second bailout for Greece.

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