Christine Lagarde, Managing Director of the International Monetary Fund (IMF), pn Friday reiterated the IMF's position that it was necessary to "restructure Greece's debt to ease the burden".

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), made the following statement today:

Greece needs to implement structural reforms, International Monetary Fund Managing Director Christine Lagarde said on Monday, echoing other international creditors who have urged Athens to implement reforms to secure urgently needed funds, Reuters news agency reported.