Wall Street Journal
July 13, 2011
Greece must press ahead with its fiscal reform and privatization agenda in a timely and determined manner in order to bring its debt back to sustainable levels, the International Monetary Fund said Wednesday.
"There's no room for slippages," said Poul Thomsen, deputy director of the IMF's European Department and mission chief to Greece, in a conference call with journalists.
In its staff report reviewing Greece's performance under the current joint European Union/IMF loan program, the fund warned that any deviation from policy conditions Greece has promised to implement would likely mean failure.
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