The Straits Times
www.straitstimes.com
Published on Nov 14, 2012
 

Lagarde wants 'real fix, not quick fix' on Greek debt

 
 

KUALA LUMPUR (AFP) - The International Monetary Fund (IMF) wants a "real fix, not a quick fix" on Greece's debt burden, managing director Christine Lagarde said on Wednesday.

All partners share "the same objectives and the same concern" that Greece returns to economic stability, said Ms Lagarde, two days after a rare public clash with Euro zone finance ministers on the issue.

"Obviously from the IMF we expect a real fix, not a quick fix," she told a press conference during a visit to Malaysia, adding that Greece should reach a debt level that is "sustainable".

The Greek debt crisis has revealed new strains between the IMF and European finance officials.