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Lagarde and Tsipras Meet in Davos; IMF Reaffirms its Support of Greece During Crisis

Lagard_TsiprasOn the second day of the World Economic Forum in Davos, where leaders in politics and business meet to discuss aims to create the foremost global partnership of business, political and intellectual benefit to the community, International Monetary Fund (IMF) managing director; Christine Lagarde had a meeting with PM Alexis Tsipras.
After repeated rejection, on Tsipras part, for any want or need for IMF involvement in the Greek debt program, Lagarde concluded the meeting emphasizing that the fund stands ready to support Greece, but only if and when the country is granted “significant” debt relief by its European partners.
“The managing director reiterated that the IMF stands ready to continue to support Greece in achieving robust economic growth and sustainable public finances through a credible and comprehensive medium-term economic program,” the IMF said in a statement issued on Thursday in Davos.
The IMF statement also reiterated the need for pension reforms and forthright economic policies to change the economic position of Greece for now and the extended future.

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