Thursday, May 17, 2012

Greece Eurozone Exit Extremely Expensive: IMF Chief


In an interview on Dutch television on Thursday, IMF chief Christine Lagarde said that any Greece departure from the eurozone “would be extremely expensive and hard, and not just for Greece".

"I think what we should look at is the optimal scenario where the country has the political resolve to actually observe the commitment, comply with the undertaking, stay within the zone, which seems to be the desire of the population," Lagarde said.

Lagarde on Wednesday called on Greek leaders to show their resolve to keep the country in the euro by sticking to its bailout deal with the International Monetary Fund and European Union, the terms of which have inflicted great suffering on its people .... http://www.presstv.ir