Comments from IMF head Lagarde:
- Preferable greece move toward reforms before Europeans provide debt relief
- Unclear where Greek negotiations stand
- Hopes Greek referendum provides more clarity, certainty about situation
- Says IMF balance sheet strong, solid despite missed Greek payment
Headlines via Reuters
EUR doing little (good morning and welcome to the Asian timezone ....)
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added:
Lagarde was asked if she trusts Greek partners ... she responded that the IMF has 'no choice' who represents a country. I.e. 'No'
