Aiming to spur financial activity and restore Greece to the economic markets, the national development plan drawn up by the Economic and Social Council of Greece was presented this week during a special event in Athens.

IMF Director Christine Lagarde said the Fund’s board had in principle agreed to approve a “stand by loan” based on specific data. In an interview with Italian newspaper “Il Sole 24 Ore”, Mrs. Lagarde argued that Greece needed a debt restructuring for the country’s economy to become sustainable.

There is serious evidence that the Greek economy can enter into a growth orbit based on a new growth model focusing on healthy business activity, investments and extroversion, Bank of Greece Governor Yannis Stournaras said on Friday.