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IMF expects "real fix" on Greece debt, warning against U.S. fiscal cliff


09:24, November 15, 2012

Managing director of the the International Monetary Fund (IMF) Christine Lagarde (C), Governor of Bank Negara Malaysia Zeti Akhtar Aziz (L) and IMF Asia and Pacific Department Director Anoop Singh attend a press conference in Kuala Lumpur, capital of Malaysia, on Nov. 14, 2012. (Xinhua/Lin Hao)

KUALA LUMPUR, Nov. 14 (Xinhua) -- The International Monetary Fund (IMF) wants "a real fix and not a quick fix" on Greece debt problem and advised the United States to avoid fiscal cliff that would bring its economy to a stand still, IMF chief Christine Lagarde said on Wednesday.

"From the IMF perspective we expect a real fix and not a quick fix that is sustainable, as soon as possible," Lagarde told a press conference in Kuala Lumpur after a eurozone finance ministerial meeting in Brussels.

She had clashed with Eurozone leaders on Monday over the timetable for Greece's bailout. Eurogroup president Jean-Claude Juncker had suggested to lower Greece's debt-to-GDP ratio to 120 percent by 2022, but Lagarde had insisted to keep the targeted year at 2020.

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