"It would demand much more to Spain to ask for help from the IMF" - Legarde

The director of the IMF today commended the efforts of Spain to halt the crisis, pushing the idea of ​​rescuing the country.

"When we look at what Spain has done and what has pledged to do, there would be much more demanding if the country was in a program supported by the International Monetary Fund (IMF)," Lagarde said today Cristhine told reporters in Washington.

Statements of responsibility come at a time when we are discussing in Europe the use of bailout funds, working in coordination with the European Central Bank (ECB), to relieve the interest of Spanish and Italian unsustainable levels.

Recall that last week the 'yield' implicit debt in 10 years the Spanish market benchmark, rose to a record above 7.5%, a level considered the threshold of an application for financial aid, as many analysts now anticipate.

About Greece, Lagarde said that "when we look at the initial program and the achievements of the Greek economy and population, is impressive," while asserting that "there is still much that the country can do."

Despite the recent instability in the euro area, Lagarde noted that "there is reason to expect the situation to improve" in the region the decisions of the last summit are implemented.