Lagarde: Greece is heading the right direction
Greece is heading in the right direction, Christine Lagarde, managing director of the International Monetary Fund said on Thursday in New York. Speaking to reporters, Lagarde said Greece’s return to capital markets a clear indication that the country’s full return to borrowing from the international markets, which was a basic objective of IMF’s programme, is on the horizon.
“It is the case that Greece is still under a programme, and that we have just recently approved a review of the programme, which shows that after significant discussions and work being done by the Greek authorities and the Greek people, progress is under way,” the IMF’s head told reporters, adding that “I see the issue that took place today that was massively oversubscribed, as an indication that Greece is heading in the right direction, and that the water testing that the authorities wanted to do is really successful.” according to ANA-MPA