Bloomberg News

IMF to Pay Funds to Greece If Situation Clarified, Lagarde Says

October 17, 2011

Oct. 17 (Bloomberg) -- The International Monetary Fund will release funds to Greece if the country’s economic situation is clarified, IMF Managing Director Christine Lagarde said today on Europe 1 radio.

Lagarde also said that the IMF currently has “appropriate” resources to meet its needs. State support for banks should be a last resort, she added.

To contact the reporter on this story: Mark Deen in Paris at markdeen@bloomberg.net

To contact the editor responsible for this story: Steve Rhinds at srhinds@bloomberg.net


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