08 October, 2010
International Monetary Fund (IMF) head Dominique Strauss-Kahn said on Thursday an upward revision of Greece’s fiscal deficit by Eurostat was an “unfortunate” development, although he stressed that Greece did not need to do something different at present.
“Of course, it would be better to have had the correct information earlier, but as I have said several times in the past, the Greek government was implementing a programme in a way that we and the European Union consider as very bold. The things they do move fully towards the right direction. In many cases they perform better than expected although several things still remain to be done,” Strauss-Kahn told reporters during a news conference in Washington ahead of the annual IMF and World Bank annual meetings.
“At this point I would not consult the Greek government to change something,” he said, adding that “We must know exactly how big the revision will be, how much it will affect 2010. It might not be big, it might have a limited impact, maybe not. We will see. Only then we will be in a position to know if it will affect the program we have designed, but today the Greek government is clearly on the right track and that what I would like to underline”.
Source: Athens News Agency