IMF chief lauds review completion, concerned about long-term debt

Christine Lagarde, Managing Director of the International Monetary Fund, commended Greece and its European partners for completing the country's final bailout review and but expressed reservations about the long-term outlook for the country's debt.

Below is the full statement by Lagarde:

"We commend Greece and its European partners on the completion of the fourth and final review under the European Stability Mechanism (ESM) program."

"The additional debt relief measures announced today will mitigate Greece's medium-term refinancing risks and improve its medium-term debt prospects, both of which are very welcome results. This will be good for Greece and good for the euro area."

"We also take note of the commitment by Greece's European partners to keep debt sustainability under review and to take additional debt relief measures if needed."

"This would...

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