IMF says there’s no need for Greece to take additional measures

The International Monetary Fund (IMF) does not see any risk of divergence from the budgetary targets set in the Greek adjustment program and therefore does not require additional measures, the fund’s Deputy spokesman William Murray said on Thursday, during a press briefing in Washington D.C.

Responding to a question on electronic auctions, Murray said they constitute a significant structural reform and encouraged Greek authorities to quickly implement relevant procedures to kick off the operation of the platform.

He said the e-auctions are necessary to reduce the non-performing loans in Greek banks to restore a normal flow of credit from the country’s lenders.

Murray reiterated that the IMF remains committed to the Greek program, adding however that to contribute with more funds there must be debt relief.