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Austerity Lagarde: Greece Needs More Time Toru Yamanaka, AFP / Getty Images

Lagarde: Greece Needs More Time

Greece should have more time to meet its budget targets, said International Monetary Fund director Christine Lagarde in Tokyo on Wednesday. Lagarde called for an extra two years for the country to meet the terms of its bailouts, directly disagreeing with the wishes of Germany and other fiscal hawks. “It is sometimes better, given the circumstances…to have a bit more time,” Lagarde said. Such an extension could add $25.75 million to the new financing bill.

October 11, 2012 6:32 AM