IMF on standby in light of Sunday elections

Page last updated at 02:35 GMT, Friday, May 4, 2012 - 07:35 EST

NEW YORK (AMNA/P. Panagiotou) - The International Monetary Fund (IMF) is on standby in light of Sunday's elections in Greece. An IMF representative again avoided on Thursday to state his position on the Greek elections, reiterating the position on the strict implementation of the loan contract and Greece's support program.

Statements are expected as of Monday, as it is estimated by sources of the Fund, and their content will move in accordance with the election result and the developments that will be emerging.

According to assessments by American media, concern exists in circles of the IMF before the possibility of the elections leading the country to a lack of governance, creating problems in the implementation of the program.

The increase in the percentage of parties with an "anti-memorandum policy", as was recorded in opinion polls, appears to create concern in particular for both IMF officials and officials of the fiscal system of the US, believing that such a development will have negative consequences in the Eurozone and, by extension, in the American economy.