IMF mission chief says Greece is at crossroads-paper
BERLIN Oct 8 (Reuters) - Greece is at a crossroads and will need to implement "much stricter structural reforms" to avoid default, IMF mission chief to Greece Poul Thomsen was cited as saying by German paper Welt am Sonntag.
"Greece is at a crossroads," Thomsen told the paper. "It is clear that the programme will not work if the authorities do not take the path that requires much stricter structural reforms than those that we have seen so far."
"It is going two steps forward, and one backwards," Thomsen said. "The Greek government understands that many of the most difficult changes lie ahead. At the same time, the political and social fatigue is growing."
- Housing, jobs data weaken, but overall economic picture still upbeat
- U.S. diplomats, but not prosecutors, seek to quell India dispute |
- Target cyber breach hits 40 million payment cards at holiday peak |
- New York Mayor-elect's reputation for lateness parodied on Twitter
- Last-minute Obamacare exemption for those with canceled plans