Lagarde warns IMF could withhold Greek loan

[katty]

more: http://www.ft.com/intl/cms/s/0/b6ded476-dfb2-11e0-8e15-00144feabdc0.html#axzz1Y4LBlyIH

Christine Lagarde, head of the International Monetary Fund, on Thursday raised the spectre of her organisation withholding its portion of an €8bn ($11bn) aid payment Greece needs by the end of this month, saying Athens had implemented requisite economic reforms “in parts”.

Speaking ahead of a highly anticipated meeting of IMF, US and European finance officials in Poland, Ms Lagarde said Athens had to re-ignite “the urge to deliver on commitments” made by its government after a period during which “momentum had slowed down”.

Athens to levy property tax in budget U-turn
“If there has been no implementation, we don’t pay,” she told CNBC, in describing the IMF’s lending practices.

[mike_c]

1. Greece should take a lesson from Iceland....

[katty]

2. indeed