Financial gap looms over Greece

Written by on July 12, 2013 in Europe - No comments

The International Monetary Fund (IMF) has warned Greece will face a financial gap immediately after July 2014.

During a press conference, IMF spokesman Gerry Rice said the country’s rescue deal was on track but the government has fallen behind in the implementation of several measures such as the taxation and public administration reforms.

Mr. Rice also ruled out an IMF exit from Greece’s rescue package since “there is no financial gap through July 2014.”

The spokesman also refuted criticism that the IMF has so far assisted the European Union in pushing serious issues under the carpet until after elections in Germany are over.

 

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