Alexa
  • Directory of Taiwan

IMF chief urges Greeks to persist

IMF chief urges Greeks to persist

The head of the International Monetary Fund is urging Greece to persist in seeing through unpopular reforms aimed at rescuing its debt-crippled economy.
Dominique Strauss-Kahn said Greece will make it, but the government should not run out of steam. He spoke Thursday at the start of the spring meetings of the 187-nation IMF and its sister institution, the World Bank.
Greece avoided bankruptcy last year with a euro 110 billion ($160 billion) rescue loan package from its European partners and the IMF. In return the Socialist government slashed pensions and civil servant salaries while increasing taxes and retirement ages.
Strauss-Kahn stressed the importance of boosting tax revenue, pointing out the richest people in Greece do not pay in taxes what they would in any other major European country.