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IMF expects Europe will meet commitments on Greece

October 10. 2013 1:40PM
Associated Press

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(AP) The International Monetary Fund chief says she's confident European nations will meet their commitment to provide further debt relief to Greece if needed.

That's as long as Greece meets budget targets outlined in its international rescue package.

Christine Lagarde heads the IMF. Lagarde said Thursday the IMF is waiting to see the outcome of measures to raise government revenues before it can determine the size of any shortfall in funding. Measures include tax collection and privatization of state-owned enterprises.

She also says the IMF is ruling out any further austerity measures that would require across-the-board cuts in wages or pensions in Greece.

Lagarde spoke at a news conference in Washington during meetings of the IMF and World Bank.

Associated Press

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