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IMF on standby in light of Sunday elections

05. May 2012. | 08:48

Source: AMNA

The International Monetary Fund (IMF) is on standby in light of Sunday's elections in Greece. An IMF representative again avoided on Thursday to state his position on the Greek elections, reiterating the position on the strict implementation of the loan contract and Greece's support programme.

The International Monetary Fund (IMF) is on standby in light of Sunday's elections in Greece. An IMF representative again avoided on Thursday to state his position on the Greek elections, reiterating the position on the strict implementation of the loan contract and Greece's support programme.

Statements are expected as of Monday, as it is estimated by sources of the Fund, and their content will move in accordance with the election result and the developments that will be emerging.

According to assessments by American media, concern exists in circles of the IMF before the possibility of the elections leading the country to a lack of governance, creating problems in the implementation of the programme.

The increase in the percentage of parties with an "antimemorandum policy", as was recorded in opinion polls, appears to create concern in particular for both IMF officials and officials of the fiscal system of the US, believing that such a development will have negative consequences in the eurozone and, by extension, in the American economy.

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