International Monetary Fund (IMF) Managing Director Christine Lagarde is sceptical the Greece will meet its budget target

Market news

15 April 2016

International Monetary Fund (IMF) Managing Director Christine Lagarde is sceptical the Greece will meet its budget target

International Monetary Fund (IMF) Managing Director Christine Lagarde said on Thursday that she was sceptical the Greece would meet its budget target.

"We are sceptical about it," she said.

"What we find highly unrealistic is the assumption that this primary surplus of 3.5% can be maintained over decades. That just will not happen," Lagarde added.

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