Lagarde explains that “there is still a lot to be done in Greece”

The IMF and World Bank held their spring meetings in Washington D.C. over the weekend, where the latest developments in the European economy were discussed, among others.

The European Central Bank’s chief Mario Draghi explained that Greece’s return to the market was “a welcome episode” and indicated the “very significant progress that’s been achieved by the Greek government and the Greek population”. Mr. Draghi was optimistic that the Eurozone is recovering and that the first quarter of 2013 will show positive growth.

The IMF chief Christine Lagarde commented on Greece’s successful return to the bond markets and maintained that Greece is heading «in the right direction«. Mrs. Lagarde noted that “there is still a lot to be done, and the program is not over, but this is a clear indication that a return to markets, which is clearly the objective of any IMF program, is on the horizon”.