IMF will continue to Support Greece after Election

The International Monetary Fund on Monday said it was prepared to continue its financial support of Greece, a day after an election swept in the leftist, anti-austerity party Syriza.

“We stand ready to continue supporting Greece, and look forward to discussions with the new government,” IMF Managing Director Christine Lagarde said in a brief statement.

The IMF has been a partner with the European Union in a multi-billion euro financial rescue of Greece since 2010.  The opposition Syriza, which won a resounding victory in Sunday’s general election, opposes the austerity program Greece accepted in exchange for the bailout, and plans to renegotiate the deal, including a possible renegotiation of the country’s debt.

Economic Times

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.