IMF chief Legarde takes a hard line publicly on Greek debt

The IMF's Managing Director Christine Lagarde recentlyt took a public stance against a debt conference over the Greek debt (Simon Carswell, Christine Lagarde gives cool response to EU debt summit idea Irish Times 01/19/2015:

“As a principle, collective endeavours are welcome but at the same time a debt is a debt and it is a contract,” she told The Irish Times. “Defaulting, restructuring, changing the terms has consequences on the signature and the confidence in the signature.” ...

“As a principle, collective endeavours are welcome but at the same time a debt is a debt and it is a contract,” she told The Irish Times.

“Defaulting, restructuring, changing the terms has consequences on the signature and the confidence in the signature.”

The accompanying video shows her talking about the need for "infrastructure" spending in the EU. But she clearly still worships at the altar of neoliberal "structural reforms."