Economy World

Greece / Italy: IMF calls for political stability

The Greek and Italian authorities must take urgent steps to restore political stability in these countries, said Christine Lagarde  Executive Director of the IMF in Beijing on Thursday.

“No one understands exactly who will emerge as a leader. This certainly helps especially volatile,” said the IMF chief commenting at a press conference on the political situation in both countries.

“The political clarity is conducive to greater stability, and my goal in terms of the Fund is a better and more stable,” said Ms. Lagarde, who makes her first visit to China as Executive Director of the IMF .

On Wednesday Greek Prime Minister George Papandreou resigned after giving up a referendum on the European aid plan for Greece, faced with an extremely difficult economic situation. .

On November 8, the Italian head of government Silvio Berlusconi has promised to leave his post at the end of November or early December, once approved emergency economic reforms demanded by the European Union.

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