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

One dead after central Italy hit by series of quakes

One person was killed on Wednesday when a building collapsed during four powerful quakes that shook central Italy on...

Boris Johnson compares French president to WWII prison guard

British Foreign Secretary Boris Johnson on Wednesday compared Francois Hollande to a World War II prison guard after...

Merkel pledges to hold Europe together after Brexit

German Chancellor Angela Merkel pledged on Wednesday to hold the European Union together after Britain's planned...

Slovenia looks to capitalize on its connection to Melania Trump

As Donald Trump campaigned for the Oval Office, his Slovenian-born wife Melania did not receive much love and...

EC recommends Croatia's gradual integration into Schengen Information System

The European Commission on Wednesday made a recommendation to the Council of the European Union to gradually...