Lagarde Speaks To 60 Minutes On Greek Debt Crisis

Managing director of the International Monetary Fund, Christine Lagarde, explains to CBS' 60 Minutes how Greece's upcoming elections could help - or hamper - the country's economic recovery. "The concern at the moment is that there be solid, consistent, require and steady implementation of the reforms and that all political parties in Greece endorse the plan that has been so hard to negotiate."

She sad that the elections is a moment when political parties have to be brave and tell the population the truth, and voters should turn away from populist parties. Asked what the repercussions on the people are, she said that there were no other options at the moment, but focus should rather be placed on the expectations of the future.

On his part University of Athens economist Yanis Varoufakis tells Steve Kroft that austerity measures in Greece have been "poisonous" to its economy. The professor said that citizens feel that the medicine administrated by the Troika is not helping towards reform, but rather "is killing the patient". (We totally agree).

(We ask... if all Greeks die from starvation Mrs. Lagarde because of the strict austerity measures you and the other members of the Troika imposed on us... then how can you expect to get your money back? Wake up... your measures guarantee us NO FUTURE. The enforcement of "austerity measures" is simply a method of milking our country by extracting interest payments which make it poorer and in more need of more loans. IT IS A TRAP. We can only free ourselves by all countries abandoning their debts and thereby bankrupting or at least marginalizing the money lenders).

Watch the remaining show at this link - CBS 60 Minutes