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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.



IMF report:

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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