IMF Says Ready To Cooperate With ECB On New Program
The International Monetary Fund is ready to work with the European Central Bank in the effective implementation of its new crisis-fighting measures, IMF Managing Director Christine Lagarde said on Thursday.
Welcoming the ECB decision, she said "the IMF stands ready to cooperate within our frameworks."
Decisive implementation of the new intervention program will help repair monetary transmission, and support countries' efforts to secure finance at a reasonable cost while they undertake sustained macroeconomic adjustment, Lagarde said.
"We see the ECB's action as an important step toward strengthening stability and growth in the Euro Area," she added.
Meanwhile, in a regular press briefing on Thursday, IMF External Relations Department Director Gerry Rice said the IMF mission will go back to Athens around the middle of next week.
Confirming earlier reports, Rice said a conversation did take place between Lagarde and Greek Prime Minister Antonis Samaras and they discussed the current economic situation in Greece and developments in the euro area.
Responding to a query on a possible Spain bailout, he clarified that Spain has not requested IMF financial support and the Fund is not working on any plan in this regard.
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