IMF chief urges eurozone to back Greece debt relief

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AFP, Bari :
IMF chief Christine Lagarde on Friday urged eurozone lenders to be “far more specific” in their commitment to a debt-relief package for Greece.
The International Monetary Fund has made a package easing Greece’s repayment burden a condition of its participation in a 86-billion-euro ($94-billion) bailout.
But several eurozone governments are dragging their heels, insisting on more evidence of debt-plagued Greece delivering on reforms as a condition of green-lighting the third rescue package of its kind since 2010.
“We will carry on working on this debt relief package,” Lagarde said after talks on the issue on the sidelines of a meeting of G7 finance ministers and central bank governors in the southern Italian port of Bari.
“There is not enough clarity yet but I hope that the European partners will continue to progress in that.”
The former French finance minister added that the IMF’s position had not changed in the long-running saga.
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