IMF chief Christine Lagarde says Greece's massive debt will need restructuring because the country remains what she calls "a situation of acute crisis." Lagarde says that the IMF remains fully engaged in helping to find a solution for Greece to restore stability and growth despite the country's vote against proposed austerity plans. The IMF chief also expressed a firm stance when talking about upcoming negotiations with the debt-wrecked country.
"Whenever the IMF is involved, it is certainly my view that the IMF has to follow its rules, should not bend the rules and should always be even handed. There can not be any special treatment," Lagarde said.
- Editor:Annabelle | Source: Agencies
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