“It’s the IMF mission, but before reaching this extreme situation, we prefer to help them in the context of a credible program,” Lagarde said in an interview with French magazine “Challenges”, released on Wednesday, at a time when negotiations of Greece with the creditors, including the IMF, look again at an impasse.
If Greece leave the euro “will be in uncharted territory, as some say, which entails some risks, but we’ve been several times since the financial crisis of 2008″, he said.
According to Lagarde, “the IMF believes that” between the ECB’s intervention capacity (European Central Bank), the European stability mechanism and the message of strong unity of the members of the euro zone contagion risks in the short term are weak “, in case of ‘Grexit’ exit from the euro Greece.
Asked if she is optimistic about the ongoing negotiations between Greece and creditors (IMF, ECB and European Commission) Lagarde said that is an “optimistic” and that its priority is to make Greece to resume the path of growth.
“It has to be durable, with solutions that are not temporary (… ) We have always said that the recovery of the Greek economy will require efforts by all of the Greeks with the adoption of courageous and necessary reforms, but also, if the reforms are put in place, European lenders for the debt (Greek) is become sustainable, “he argued.
In the interview, Lagarde also admitted that is available for a second term at the IMF if that is the will of the members of the institution.
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