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

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