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International Monetary Fund Managing Director Christine Lagarde said on Wednesday she expected a “real fix” for Greece that included debt sustainability, rather than a “quick fix”.Speaking during a visit to Malaysia, Lagarde said that all of Greece΄s partners shared the same goal of putting the country΄s recovery programme back on track, Reuters informs.

“All partners share the same objectives and the same concerns, in other words (that) Greece is … returned to economic stability, can reaccess markets as soon as possible,” Lagarde told reporters.

“Obviously from the IMF΄s perspective, we expect a real fix, not a quick fix, and that means clearly debt that is sustainable as quickly as possible.”

Her comments come as the IMF and the EU clash over how Greece can bring its debts down to a sustainable level, reigniting fears that Europe΄s troubles could flare again.

Euro zone finance ministers have suggested Greece, where the euro zone debt crisis began, should be given until 2022 to lower its debt to GDP ratio to 120 percent but Lagarde has insisted the existing target of 2020 should remain, in an unusually public airing of disagreement.

 

PS Olala! Does Madame Lagarde speak Greek? Greek “δόση” is synonymous for (bailout) “tranche”,  Junkies’ “fix” and “dose of drugs”. But Madame had certainly a real solution of the Greek debt crisis is mind…

 

2012-11-14 11:05:00

Source: http://www.keeptalkinggreece.com/2012/11/14/lagardes-advise-to-bailout-junkies-real-fix-not-quick-fix-for-greece/