IMF’s Lagarde says Greece Must Respect Existing Rules

January 26, 2015 Share Print 0

Greece must respect the euro zone’s rules and cannot demand special treatment for its debt in the wake of the victory of anti-austerity party Syriza, International Monetary Fund chief Christine Lagarde said in a newspaper interview on Monday.

“There are internal euro zone rules to be respected,” Lagarde told Le Monde daily. “We cannot make special categories for such or such country.”

Lagarde added that Greece still needed to carry out key reforms, such as tax collection and reducing judicial backlogs.

“It’s not a question of austerity measures, these are in-depth reforms that remain to be done,” she said.

via Reuters

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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.