The IMF again steers a different course
- Written by E.Tsiliopoulos
Greece has overcome difficulties and is on course for growth, International Monetary Fund (IMF) managing director Christine Lagarde told Australian state TV channel ABC.
"We can celebrate the fact that Greece is finally coming out with a primary surplus, which has not happened since 1943 [sic/1948], from my recollection," Lagarde said.
She admitted there have been miscalculations and a wrong approach, but this was partly due to the fact that "numbers were largely in excess of what had been represented".
The IMF chief spoke of a "long journey" with huge sacrifices on the part of the Greeks, but the harsh measures were necessary, she said, so as to help the Greek economy recover.
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