IMF chief LaGarde making comments on Greece deal

Ross J Burland FXStreet

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

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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