- WASHINGTON: The head of the International Monetary Fund has praised the Greek government and people for trying to pull themselves out of a debt crisis, calling their efforts amazing.
Dominique Strauss-Kahn says the country was on the edge of a cliff earlier this year as it faced defaulting on its debts. But he believes the austerity program instituted by the Athens government will help the country get its economy back on track.
Strauss-Kahn said Saturday that other countries in Europe with more economic breathing room could help Greece by promoting higher growth policies to improve the outlook for the euro zone.
Greece narrowly avoided defaulting on its debts in May after the IMF and other European Union countries using the euro granted it rescue loans under a three-year euro110 billion ($152 billion) package.
