Browse through our Interesting Nodes Collection Read the Convention Relating to the Regime of the Straits (24 July 1923) Read the Convention Relating to the Regime of the Straits (24 July 1923)
HR-Net - Hellenic Resources Network Compact version
Today's Suggestion
Read The "Macedonian Question" (by Maria Nystazopoulou-Pelekidou)
HomeAbout HR-NetNewsWeb SitesDocumentsOnline HelpUsage InformationContact us
Thursday, 28 March 2024
 
News
  Latest News (All)
     From Greece
     From Cyprus
     From Europe
     From Balkans
     From Turkey
     From USA
  Announcements
  World Press
  News Archives
Web Sites
  Hosted
  Mirrored
  Interesting Nodes
Documents
  Special Topics
  Treaties, Conventions
  Constitutions
  U.S. Agencies
  Cyprus Problem
  Other
Services
  Personal NewsPaper
  Greek Fonts
  Tools
  F.A.Q.
 

Athens Macedonian News Agency: News in English, 14-05-12

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] IMF underestimated the impact of fiscal consolidation on Greece's growth, Lagarde says

  • [01] IMF underestimated the impact of fiscal consolidation on Greece's growth, Lagarde says

    BERLIN (ANA-MPA/ F. Karaviti)- The International Monetary Fund (IMF) underestimated the impact of fiscal consolidation on economic growth, IMF managing director Christine Lagarde told German newspaper Handelsblatt in an interview, citing Greece as an example.

    Lagarde acknowledged that Europe was recovering, but warned against "misleading security" because of falling bond prices. "The recovery is underway. That is correct," she said. "Some countries have successfully implemented the programmes, but that does not mean the crisis is over and our mission accomplished."

    In the case of Greece, the deep and enduring political crisis caused further uncertainty among investors, Lagarde noted.

    "I am confident that fiscal consolidation and growth-friendly steps do not exclude one another. This is not an easy case, but highly indebted countries cannot avoid a significant reduction of their debt if they want to restore confidence in the markets," Lagarde underlined.

    "A country that can raise virtually no money from the markets, cannot afford to promote fiscal consolidation with small steps. This was the case in Greece," she added.


    Athens News Agency: News in English Directory - Previous Article - Next Article
    Back to Top
    Copyright © 1995-2023 HR-Net (Hellenic Resources Network). An HRI Project.
    All Rights Reserved.

    HTML by the HR-Net Group / Hellenic Resources Institute, Inc.
    ana2html v2.01 run on Monday, 12 May 2014 - 12:38:06 UTC