IMF does not see possibility of a Grexit

During a press conference in Washington on Thursday, the spokesman for the International Monetary Fund (IMF) William Murray noted that the Fund fully respects the democratic procedures in progress in Greece and said that they are waiting for the new government to be elected in order to begin talks on the outstanding bailout review. He added that the possibility of a “Grexit” is unlikely.

When asked to comment on SYRIZA’s intentions to arrange an international conference on debt, Murray said that he is not going to comment on election-related matters, but he did point out that in every IMF review a new Debt Sustainability Analysis (DSA) is carried.

He did, however, repeat Christine Lagarde’s recent comment that “debt is debt” meaning that debt restructuring is a serious matter and that revising the terms of any sort of agreement may have consequences.