IMF’s Managing Director Christine Lagarde finally found the needed strength to express her view on Greece’s Referendum. Speaking to BBC, Lagarde said that next Sunday (July 5th) referendum will not be valid as the creditors’ proposal and program end on June 30th.
“I can’t speak for the IMF program, because the IMF program is on, but the European financial arrangement expires June 30. So, at least legally speaking, the referendum will relate to proposals and arrangements that are no longer valid.”
She also warned Greeks that the IMF will not provide further aid if Athens missed the 30. June payment and justified the IMF’s position saying that “the IMF is not the bad guy at the negotiations.
I don’t know how suddenly Lagarde mutated into a Constitutional Law Professor playing in her fingers the Greek Constitution and judging when a referendum in a country is valid or not. But what I know and see in the interview is that she is extremely tense with her face muscles find it extremely difficult to relax and let her lips pronounce vowels and consonants. So, most probably she was meaning to to say that “referendum will be irrelevant.”
Enjoy, the video: