imf chief warns greece a debt is a debt
Last Updated : GMT 11:50:41
Arab Today, arab today
Arab Today, arab today

IMF chief warns Greece 'A debt is a debt'

Arab Today, arab today

Arab Today, arab today IMF chief warns Greece 'A debt is a debt'

Workers shout slogans during a protest
Dublin - AFP

IMF chief Christine Lagarde on Monday warned of "consequences" if European countries try to renegotiate their debts, ahead of Greek elections which an anti-austerity party is tipped to win.
"Collective endeavours are welcome but at the same time a debt is a debt and it is a contract," the International Monetary Fund's Lagarde told the Irish Times during a visit to Dublin.
"Defaulting, restructuring, changing the terms has consequences on the signature and the confidence in the signature," she said.
Alexis Tsipras, the head of the anti-austerity Syriza coalition, has called for the renegotiation of the terms of the Greek bailout set by its main creditors -- the IMF and the European Union -- and a partial cancellation of its enormous public debt.
He has called for a conference of creditors and frequently refers to the London Conference in 1953 which cancelled German debt after World War II.
Yannis Dragasakis, a Syriza lawmaker and deputy speaker of parliament, reacted to Lagarde's comments.
"It is necessary to adjust the debt because it is not currently sustainable. The Greek economy has suffered a disaster and its capabilities are currently limited," he said.
"Our proposal does not solely concern Greek debt, but the problem of excessive debt facing many European countries," he said.
At a press conference later on Monday Lagarde talked about the European Central Bank's planned quantitative easing programme.
Asked whether the measures might further undermine the fiscal credibility of heavily indebted EU states, she said: "The more efficient it is, the more mutualisation there is, the better."
Lagarde also met with Irish Finance Minister Michael Noonan and urged Ireland to hold on to hard-won gains at a time when the eurozone country is ending budget austerity and returning to economic growth.
"What I hope is that all the efforts and all the sacrifices that were made in the last five years will not be in vain and will not be wasted by excessive measures," she said.
"I would trust the wisdom of the Irish people to see what is in the best interest of the country and of the economy and of the people of Ireland."

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

imf chief warns greece a debt is a debt imf chief warns greece a debt is a debt

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

imf chief warns greece a debt is a debt imf chief warns greece a debt is a debt

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Visit Jamaica for more than just sun

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today UN warns of conflict in Gaza

GMT 08:39 2017 Tuesday ,21 November

UN warns of conflict in Gaza
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Fedra happy for “Between Two Worlds” success

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday