Lagarde calls for Greek debt restructuring | News | DW.COM | 08.07.2015

In comments made at the Brookings Institute think-tank in Washington, D.C. on Wednesday, the Managing Director of the International Monetary Fund (IMF) said Greece was in an “acute crisis, which needs to be addressed seriously and promptly.”

Christine Lagarde said a new plan moving forward to shore up Greek finances would require reform in Athens, but it would also require concessions from the country’s creditors.

“The other leg is debt restructuring, which we believe is needed in the case of Greece for it to have sustainability,” she said.

via Lagarde calls for Greek debt restructuring | News | DW.COM | 08.07.2015.