IMF Says Greek Deal Needs to Add Up

Any deal on Greece’s economic policies “needs to add up” and reach the objectives that have already been agreed, a spokesman for the International Monetary Fund said Thursday. Greece is in talks with European governments and the IMF over a package of reforms that would unlock a loan disbursement.

Greece needs a deal by the end of May so it can repay loans and other bills. Gerry Rice, the director of the IMF’s communications department, rejected criticism that the IMF was being inflexible in the talks, insisting that international financial agency was willing to explore all options. But in the end, “the program needs to be credible in all aspects, on the policy side, on the reforms to be implemented, and on the financing side,” Rice said.

via Marketwatch

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza