“IMF denies forcing Greece to cut debts
IMF Director Dominique Strauss-Kahn denied on Monday German news magazine Der Spiegel’s claim that the fund was trying to force Greece to restructure its debts since it has lost faith in the country’s economic recovery, DPA reported.
Strauss-Kahn said that restructuring debts is Greece’s major economic problem in the first place and would not help the country at all.” 05/04/2011
Washington (MarketWatch)– “Greek debt restructuring isn’t under discussion, French Finance Minister Christine Lagarde said Thursday April 14, 2011. ‘There is no discussion about debt restructuring as far as Greece is concerned,’ Lagarde told reporters on the sidelines of the spring meetings of the International Monetary Fund and the World Bank.”
By Greg Robb, 14/04/2011
“French Economic Minister Christine Lagarde said Monday that she is opposed to Greek debt restructuring, according to an interview with local radio station LCI.
“We have a contract with Greece, a contract that provides financial support … we should not restructure the debt,” said Lagarde, when being inquired about the appropriateness to restructure the country’s long troublesome debt.
The French minister said the debt restructuring discussion wasn’t on table during recent EU meetings.” 18/04/2011
“French Finance Minister Christine Lagarde: Greece need to avoid debt restructuring.” CNBC interview, 24/05/2011
Lipsky: No Greek Restructure Foreseen by NewsLook, 07-06-2011
The International Monetary Fund’s acting chief, John Lipsky
“Lagarde Says Greek Debt Resolution Must Avoid Restructuring, Credit Event.” By Bloomberg News – 09/06/2011
BRUSSELS (Reuters) – “Private holders of Greek debt may need to accept losses of up to 60 percent on their investments if Greece’s debt mountain is to be made more sustainable in the long-term, a downbeat analysis by the EU and IMF showed on Friday.” 22/10/2011