Despite Lagarde's initial reluctance, IMF on the hook for Greece


  • World
  • Tuesday, 30 Jun 2015

WASHINGTON (Reuters) - As French Finance Minister in 2010, Christine Lagarde opposed the involvement of the International Monetary Fund in Greece.

Now as the country stands on the edge of defaulting on a 1.6 billion euro (£1.14 billion) payment to the Fund, Lagarde's tenure at the head of the IMF since 2011 will be shaped by Greece, which holds a referendum on Sunday that could pave the way to its exit from the euro.

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