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Lagarde: Greece in "acute crisis"

Wednesday, July 08, 2015 - 01:51

IMF Managing Director Christine Lagarde says that Greece is in an ''acute crisis.'' Rough Cut (no reporter narration).

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ROUGH CUT (NO REPORTER NARRATION) STORY: IMF Managing Director Christine Lagarde said that Greece is in an "acute crisis," in an address to the Brookings Institution on Wednesday. "Greece is in a situation of acute crisis, which needs to be addressed seriously and promptly," she said. She said the IMF program for Greece had two legs. "One leg is about significant reforms, and fiscal consolidation," she said. "And the other leg is debt restructuring, which we believe is needed in the particular case of Greece for it to have debt sustainability," she said. "That analysis has not changed, it may well be that numbers will have to be revisited, but that our analysis has not changed," she added.

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Lagarde: Greece in "acute crisis"

Wednesday, July 08, 2015 - 01:51