The Kp. Lagarde admitted that the IMF made mistakes in the Greek program
The International Monetary Fund (IMF) acknowledged the mistake made with the fiscal multipliers and overestimated the ability of Greece to support and embrace the necessary measures, said the general director of the Fund Christine Lagarde, in an interview with Bloomberg agency. The head of the IMF estimated that the very important role of Greece in the European Union will strengthen the current conditions of the refugee crisis.
Answering the question about what mistakes did the same and the IMF on Greece, Lagarde replied, "admitted a mistake had to do with the fiscal multipliers, where - all of us, IMF, EU, the ECB ( European Central Bank) - underestimated the recessionary effects that were some measures that we established. Overestimated the ability of Greece to support real and embrace the measures were necessary, because we went from one government to another and always hear: "not really our program, it is not really our reforms, not really measures us. They are imposed by the troika, putting all members of the same brush. " Therefore, I think this was overstated. "
The Lagarde noted that the IMF can not be complacent for Greece. "Our job was to lend money from the international community - including from countries with very low income, even from poor Eurozone countries - in a country that had to make reforms and had manipulated the data. Someone representing the international community has the duty to say: "This is wrong. This must be done. This must change." And this is an ongoing process. I consider it as our duty to the IMF not complacent, to assess the reality of numbers, the reality of reform, to measure the performance potential of these reforms and restore the credibility and economic domination of this country. Greece can not ever just watch and wait that things will be settled. Greek leaders should take more responsibility for the re-establishment of their state. "
The International Monetary Fund (IMF) acknowledged the mistake made with the fiscal multipliers and overestimated the ability of Greece to support and embrace the necessary measures, said the general director of the Fund Christine Lagarde, in an interview with Bloomberg agency. The head of the IMF estimated that the very important role of Greece in the European Union will strengthen the current conditions of the refugee crisis.
Answering the question about what mistakes did the same and the IMF on Greece, Lagarde replied, "admitted a mistake had to do with the fiscal multipliers, where - all of us, IMF, EU, the ECB ( European Central Bank) - underestimated the recessionary effects that were some measures that we established. Overestimated the ability of Greece to support real and embrace the measures were necessary, because we went from one government to another and always hear: "not really our program, it is not really our reforms, not really measures us. They are imposed by the troika, putting all members of the same brush. " Therefore, I think this was overstated. "
The Lagarde noted that the IMF can not be complacent for Greece. "Our job was to lend money from the international community - including from countries with very low income, even from poor Eurozone countries - in a country that had to make reforms and had manipulated the data. Someone representing the international community has the duty to say: "This is wrong. This must be done. This must change." And this is an ongoing process. I consider it as our duty to the IMF not complacent, to assess the reality of numbers, the reality of reform, to measure the performance potential of these reforms and restore the credibility and economic domination of this country. Greece can not ever just watch and wait that things will be settled. Greek leaders should take more responsibility for the re-establishment of their state. "
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