No ‘draconian measures’ for Greece – Lagarde

WASHINGTON, D.C.: The International Monetary Fund (IMF) does not wish to slap “draconian measures” on hard-up Greece but wants more government progress on pension reform, IMF chief Christine Lagarde said Thursday (Friday in Manila).

Lagarde spoke as Greece was hit by a general strike that brought tens of thousands of people into the streets in protest over pension reforms, a key part of Greece’s latest economic bailout by the European Union.