The measures proposed by Greece’s international creditors are yet insufficient, said Monday the chief economist of the International Monetary Fund (IMF), Olivier Blanchard, in an interview with newspaper Les Echos.
The country, which is short of cash and risk non-payment leads for weeks of difficult negotiations with its creditors, EU and IMF head, to obtain payment of all or part 7.2 billion of loans.
Asked about the position of the IMF, Mr. Blanchard said she was “flexible on what Athens must do when a coherent program is presented in fine”, according this interview available on the website of business daily.
“In light of recent estimates indicating a substantial budget deficit for the moment, so it takes credible steps to transform it into surplus maintain the surplus in the future, “he said. “In view of what is proposed for the time being, we are still quite far,” Mr. Blanchard accused who has to leave his post at the IMF in September
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