Lagarde tells Tsipras: "Coherent" rescue for Greece still far away

The International Monetary Fund (IMF) sees agreement on a "coherent" rescue programme for Greece as still far away, according to a letter from IMF chief Christine Lagarde published Sunday.

"My view of the ongoing negotiations is that we are still a good distance away from having a coherent programme that I can present to our executive board," Lagarde wrote in her letter to Greek Prime Minister Alexis Tsipras.

She reiterated that the IMF could only support a programme "that is credible and based on realistic assumptions."

Lagarde's letter came in reaction to a letter from Tsipras in which he demanded a clarification of the IMF position. This followed the the publication by Wikileaks of an alleged protocol of a wiretapped telephone conversation between IMF representatives.

The protocol allegedly covered a negotiation strategy of the IMF, which wants a haircut for Greece.

Lagarde said the goal must be setting Greece on a path of "robust growth while gradually restoring debt sustainability" otherwise confidence in Greece would not result.

Lagarde also writes that in the interest of the Greek people the negotiations should be brought to a rapid conclusion. To facilitate this, she has allowed the IMF team to return to Athens to continue discussions, according to the letter.

The IMF chief concludes the letter by saying the organization conducts its negotiations in good faith and does not communicate through leaks. That is why she decided to release the text of her letter to Tsipras at the IMF website, she wrote.

Last update: Mon, 04/04/2016 - 08:22

More from Europe

Spanish Socialists resolve crisis as minority government looms

 Spain is set to have its first fully functional government in 10 months after the centre-left Socialist Party (PSOE...

Police in stand-off with man in London flat hoarding "combustibles"

British armed police on Sunday entered the third day of a stand-off with a man suspected of having "combustible...

German foreign minister says EU break-up is a real threat

The break-up of the European Union is a real possibility, warns German Foreign Minister Frank-Walter Steinmeier in...

Report: Three dead amid two gas blasts in Russia

A pair of gas explosions striking homes claimed at least three lives Sunday and left at least 20 wounded, according...

Danish queen writes that residency doesn't make a person Danish

Living in Denmark is not enough to make a person Danish, writes Danish Queen Margrethe II in her new book, a...