Lagarde Says IMF Ready to Take Part in "Complete" Greek Package

IMF is ready to participate in what she called a \"complete\" package to put the Greek economy back on its feet, make its debt sustainable.

Published: 17th July 2015 12:09 PM  |   Last Updated: 17th July 2015 12:09 PM   |  A+A-

PARIS: IMF Managing Director Christine Lagarde said on Friday the Fund was ready to participate in what she called a "complete" package to put the Greek economy back on its feet, make its debt sustainable and allow it to get its funding from financial markets.

She reaffirmed on Europe 1 radio her view that the country needed some form of debt relief, arguing that this did not have to be an outright write-off but could involve measures such as a significant extension of loan maturities and stretching of repayment schedules.

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