IMF's Lagarde says important for euro zone to forge deal on Greece
November 16, 2012 3:35 PM EST
International Monetary Fund Managing Director Christine Lagarde said on Friday it is important that a crucial Eurogroup meeting next week on Greece forges a deal that will put the insolvent country's economy on sustainable path.
She also said European policymakers must implement policy commitments to help lift the euro zone economy next year.
"It is not over until the fat lady sings as the saying goes," Lagarde said when asked about the possibility of a Greek deal next week. "It is a question of working hard, putting our mind to it, making sure that we focus on the same objective which is that the country in particular, Greece, can operate on a sustainable basis, can recover, can get back on its feet, can reaccess markets as early as possible."
(Reporting by Karen Lema and Lesley Wroughton; Editing by Simon Cameron-Moore)
Join the Conversation
- Tourre on stand says email in SEC case 'not accurate'
- Syrian authorities blocking access to needy in Homs - Red Cross
- Faith in European Union at low ebb, EU poll says
- Former UBS banker gets 18 months, $1 million fine, for muni bid-rigging scheme
- U.S. judge halts challenges to Detroit's bankruptcy bid
- Russia's New Tactical Nuclear Weapons Program Growing Confident Against the US: Talks of World War III
- Apple and Google Engage in Thermonuclear War, New Google Translate Chat App in the Works
- Walmart Offers the Best 2014 Black Friday Deals on iPhone 6, iPad Ai2 & Other Gadgets – Reports
- Update Samsung Galaxy S5 to Android 4.4.4 KitKat, Sprint Release and Installation
- More Nexus 6 Problems Arise with Android 5.0 Lollipop, Poor Benchmark Results and Other Issues
- Highest Paid NBA Players 2014: NBA Stars Who Earn More Than LeBron James
- HTC One M8 Android 5.0 Lollipop Release Delayed: Other Schedule and Installation Guide