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2016-05-06 — mishtalk.com
In a letter to all 19 ministers sent on Thursday night and obtained by the Financial Times, Christine Lagarde, the IMF chief, said stalemated talks with Athens to find €3bn in "contingency" budget cuts, which have gone on for a month, had become fruitless and that debt relief must be put on the table immediately, or risk losing IMF participation in the programme.
...
Ms Lagarde stuck by the IMF's assessment that such reforms would only produce a primary surplus of 1.5 per cent in 2018 -- not the 3.5 per cent the EU has mandated.
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