Press Release No. 10/70

Caroline Atkinson, Director of External Relations at the International Monetary Fund (IMF), issued the following statement in Washington today:

“We welcome the substantial fiscal measures announced by the Greek authorities today. The authorities have put together a very strong fiscal package for 2010. The implementation of the fiscal program will be a crucial step forward in a multi-year process.

We also encourage the authorities to develop and implement soon significant reforms to boost productivity and growth, complementing the fiscal consolidation that is now underway. We stand ready to support the implementation of the authorities’ plans by sharing our technical expertise in these matters.”