Thursday, May 28, 2015

Lagarde (IMF): Grexit possible solution – Il Sole 24 Ore

“An exit of Greece from the Euro is a possibility. It would not be a walk, but not even the end of the Euro”. The director of the International Monetary Fund Christine Lagarde explicitly opens the default of Athens, a few hours before the G7 Finance Ministers in Dresden, a day spent now on a roller coaster. Lagarde sees the black, “it is very unlikely that we will achieve in the coming days a comprehensive solution.” It blames the government in Athens, which in recent days have again launched very encouraging signals.

So, the very day on which a greek won the competition for the design of the two-euro coin to celebrate the thirtieth anniversary of the Community flag, Athens is seen delivering the out out by the IMF: “There We expect Greece to respect its commitments. ‘Cause who’s missing payments can not’ more ‘to have access to finance. ” So he said a spokesman of the IMF before the intervention of Lagarde: Washington still continues to press for an agreement as soon as possible.

The Fund would be pressure on Greece especially for the primary surplus targets more ambitious, not least by acting on a chapter considered taboo in Athens. That of pensions. The Government Tsipras -by sua- explicitly pointing to an agreement with creditors and institutions for Sunday, getting the verbal support of the Commissioner for Economic Pierre Moscovici, who now sees a 25% yet to untangle knots and gives hope for the road downhill. Invites the ECB to act quickly – “in the absence of an agreement quickly we risk a contagion effect,” warns Frankfurt.

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