{"id":28816,"date":"2015-07-30T02:50:19","date_gmt":"2015-07-30T00:50:19","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=28816"},"modified":"2015-07-30T02:52:44","modified_gmt":"2015-07-30T00:52:44","slug":"lagarde-calls-for-debt-relief-for-greece","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/lagarde-calls-for-debt-relief-for-greece\/","title":{"rendered":"Lagarde Calls for Debt Relief for Greece"},"content":{"rendered":"<p>Heather Stewart writes: Christine Lagarde has warned that Greece needs \u201csignificant\u201d debt relief &#8211; laying down the conditions for the IMF to take part in the third bailout. She said\u00a0any rescue plan for Greece will be unworkable without some form of debt relief.<\/p>\n<p>\u201cFor any programme to fly, a significant debt restructuring should take place.\u201d<\/p>\n<p>Lagarde added that a rescue plan would have to involve \u201cfour legs\u201d:<\/p>\n<ul>\n<li>sensible fiscal targets, that are delivered<\/li>\n<li>structural measures to open up the Greek economy<\/li>\n<li>sufficient financing to make the programme workable<\/li>\n<li>debt restructuring<\/li>\n<\/ul>\n<p>Lagarde added that the IMF would be looking at what the Greek government does, not what it says, promising to disregard what she called political \u201cnoise\u201d, and focus on \u201cdeeds, not creeds\u201d.<\/p>\n<p style=\"text-align: center\"><a href=\"http:\/\/www.w-t-w.org\/en\/lagarde-calls-for-debt-relief-for-greece\/greek_debt_817725\/\" target=\"_blank\" rel=\"attachment wp-att-28817\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-28817\" src=\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2015\/07\/greek_debt_817725.jpg\" alt=\"Greek Debt Relief\" width=\"425\" height=\"283\" srcset=\"https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2015\/07\/greek_debt_817725.jpg 425w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2015\/07\/greek_debt_817725-300x200.jpg 300w\" sizes=\"auto, (max-width: 425px) 100vw, 425px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Heather Stewart writes: Christine Lagarde has warned that Greece needs \u201csignificant\u201d debt relief &#8211; laying down the conditions for the IMF to take part in the third bailout. She said\u00a0any rescue plan for Greece will be unworkable without some form &hellip; <a href=\"https:\/\/www.w-t-w.org\/en\/lagarde-calls-for-debt-relief-for-greece\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-28816","post","type-post","status-publish","format-standard","hentry","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"Heather Stewart writes: Christine Lagarde has warned that Greece needs \u201csignificant\u201d debt relief - laying down the conditions for the IMF to take part in the third bailout. 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