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Situation in Greece

EU and IMF should have foreseen Greek crisis — Russian Finance Minister Siluanov

According to Anton Siluanov, the situation in Greece is making a negative contribution to the overall condition of the financial markets, particularly in developing countries

Anton Siluanov Mikhail Japaridze/TASS

Anton Siluanov

© Mikhail Japaridze/TASS

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MOSCOW, July 7. / TASS / EU and IMF should have foreseen the crisis that has gathered momentum in Greece, Russian Finance Minister Anton Siluanov told journalists on Tuesday after a meeting of BRICS finance ministers.

"The situation in Greece should have been discussed much earlier even before the crisis phase. Actions should have been taken by the EU, the IMF, a little earlier, to foresee this scenario," Siluanov said.

He added that during the meeting of the BRICS finance ministers the topic was discussed. "We agreed that Greece, in any case needs to work on structural measures to bring its commitments in line with the capabilities of the economy," Siluanov said.

According to him, the situation in Greece is making a "negative contribution to the overall condition of the financial markets, particularly in developing countries."

"We were in favor of early stabilization of the situation and the achievement of agreement between Greece and its creditors," Siluanov said.

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Anton Siluanov Greece

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