International Monetary Fund Managing Director Christine Lagarde debt restructuring has to be part of new bailout programme to keep Greece in the Eurozone

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9 July 2015

International Monetary Fund Managing Director Christine Lagarde debt restructuring has to be part of new bailout programme to keep Greece in the Eurozone

International Monetary Fund Managing Director Christine Lagarde said on Wednesday that debt restructuring has to be part of new bailout programme to keep Greece in the Eurozone.

"One leg is about significant reforms and fiscal consolidation ... And the other leg is debt restructuring, which we believe is needed in the particular case of Greece for it to have debt sustainability," she said.

Gold traded higher on the weaker-than-expected U.S. economic data

European Council President Donald Tusk hopes the Greek reform plans would be concrete and realistic

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