IMF chief vs Greek parents

Christine Lagarde, the managing director of the International Monetary Fund (IMF), drew flak from Greek politicians and those on social media after she said in an uncompromising Guardian interview that the IMF has no intention of softening the terms of the country’s austerity package because Greek parents have to take responsibility and pay their taxes–even if their children are being affected by spending cuts. Greece, which has seen its economy shrink by a fifth since the recession began, has been told to cut wages, pensions and public spending in return for financial help from the IMF, the European Union and the European Central Bank. Legarde’s remarks show the growing impatience in the international community of Greece’s poor record for tax collection in order to reduce its budget deficit, but it incensed politicians and netizens. One urged her to revise her comments “because that means she takes into account a proud nation.” Greece will head to the polls for a second time in 6 weeks on June 17. 

Read Legarde’s interview on the Guardian and reactions on Rappler 

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