IMF to Greece: Implement Agreed-Upon Cuts



IMF’s HQ in Washington DC

The necessity of the implementation of cuts already agreed to by the Greek government, including pension cuts and the lowering of the tax-free income threshold, was reiterated by the International Monetary Fund’s spokesperson in Washington.

Gerry Rice said that it is important that Greece use all the tools at its disposal to move toward policies that are friendlier to growth, without exclusions. In this context, Rice added, “the IMF considers that implementing the pre-legislated package of measures will help free up fiscal space for non-pension-related social spending and reducing the real tax burden.”

Regarding Greece’s position, Rice said that “it is clear that the main interaction is between Greece and its European partners, though the IMF continues to participate by offering assistance with surveillance. Along general lines, this is the arrangement and I think that we definitely agree that financial and other kinds of resources must be used for the benefit of society as a whole.”

When asked about the official invitation extended to the IMF’s Managing Director Christine Lagarde by the President of the Hellenic Republic Prokopis Pavlopoulos, Rice replied that the IMF chief would like to visit Greece but no specific date has yet been set.

With information from A.M.N.A.