IMF chief LaGarde making comments on Greece deal
|IMF's LaGarde crossing the wires with comments surrounding the deal of a standby loan facility for Greece.
Key comments:
- Greek deal only effective if makes debt sustainable
- Rehabilitating Greek financial sector is essential
- Greece deal gives space for more structural reforms
- Urges Greece to open up its product, services market
"The International Monetary Fund agreed to a new conditional bailout for Greece, ending two years of speculation on whether it would join in another rescue and giving the seal of approval demanded by many of the country’s euro-area creditors," - Bloomberg
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