Greece and euro zone agreed to further debt relief 

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Thanks to this set of measures, Greek debt repayments are no longer a problem in the medium-term, according to the International Monetary Fund (IMF), which was the biggest advocate for Greek debt relief. But in the long-run the IMF has its doubts.

“There is no doubt in our mind that Greece will be in a position to re-access financial markets, and certainly for the medium-term we are very comfortable,” Christine Lagarde, the IMF’s managing director told reporters in Luxembourg, on Friday morning.

“As far as the long term is concerned, we have reservations,” she said, although she added that she also took note of the commitment made by European partners to look at Greek debt repayments again in the future — a commitment that, according to Lagarde, has always been honored every time it is put forward.

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