Thursday, January 12, 2012

IMF clashes with EU over Greek austerity

Athens News
January 12, 2012

A long-brewing rift between the IMF and the EU over the failure of their austerity programmes in Greece burst into the open on Thursday following an informal IMF press-briefing of Greek correspondents in Washington.

Thursday morning reports from that briefing on Mega and Ant1 TV channels said that the IMF mission staff in the troika sought to distance themselves from a "counterproductive set of austerity measures" imposed on the country under the insistence of the EU side.

The reports came in the wake of the talks which the IMF managing director Christine Lagarde held on January 10 with German Chancellor Angela Merkel in Berlin and French President Nicolas Sarkozy in Paris.

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