IMF: Greece Recovering, Needs More EU Cash
The IMF said the main threats to Greece's recovery were poor tax collection, insufficient implementation of some long-term reforms, and enduring political uncertainty. It added that Athens should even consider replacing current managers with "foreign experts" to revive its troubled privatization program.
Using unusually blunt wording, it said growing public support for Syriza, the leftist main opposition party, and other parties that want to reject the bailout program kept the country at risk of "complete political failure" and a potential eurozone exit.
Syriza angrily responded to the remark.
"It's not the first time the IMF has intervened in the internal affairs of a country in such an undignified manner," party lawmaker Efklidis Tsakalotos said. "It has learned nothing from the failures and social disasters that has caused around the world."___ Elena Becatoros contributed to this report. ___ Online: IMF report: http://www.imf.org/external/pubs/cat/longres.aspx?sk=40256.0
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV