Lagarde Refutes IMF Report

The head of the IMF appeared opposed and answering a question stated that "there should be no new horizontal measure. The primary surplus has topped the set targets," adding that she is awaiting initiatives from Europeans concerning the Greek debt.

Meanwhile, five of the European officials most important in determining the course of the Greek economy see that the measures for Greece are beginning to yield results and speak of signs of resurgence in the country.

In an article in the Wall Street Journal, Eurogroup president Jeroen Dijsselbloem, the VP of the European Commission Oli Rehn, ECB board member Joerg Asmussen, ESM Operational Director Klaus Regling and the president of the European Investment Bank Werner Heuer appear certain that the measures for dealing with the European crisis are showing positive results for Greece.

The five officials express optimism for the attainment of a primary surplus, citing improvement of competitiveness. They do, however, note that there is still work to be done in the public sector and the taxation system.