Home Business & Finance IMF Head Says Greece Is Now Better Equipped for Economic Growth

IMF Head Says Greece Is Now Better Equipped for Economic Growth

During a recent interview with German broadcaster ARD, IMF head Christine Lagarde revealed that Greece is now equipped for economic growth in future due to the recent structural reforms.

During her recent interview, Lagarde pointed out that IMF is expecting that Greece will attract investments in future as the country in need of investments to grow faster.

She said, “We can hope that Greece is now better equipped to grow in the future. “We are already seeing it growing a bit now, but reforms are a process without a clear ending point. There is still much to be done.”

When asked if IMF and EU’s decision back in 2010 to save Germathe country was due to the desire of saving Deutsche Bank or France’s BNP Paribas, Lagarde admitted that the institutions required more time to figure out the amount of debt. She added, “I can tell you what our first concern was. It certainly was the strengthening of the banking sector.”

Related Articles