Awwal 10, 1432 / April 14, 2011, SPA -- The head of the International Monetary Fund is urging Greece to persist in seeing through unpopular reforms aimed at rescuing its debt-crippled economy. AP quoted Dominique Strauss-Kahn as saying that Greece will make it, but the government should not run out of steam. He spoke Thursday at the start of the spring meetings of the 187-nation IMF and its sister institution, the World Bank. Greece avoided bankruptcy last year with a euro 110 billion ($160 billion) rescue loan package from its European partners and the IMF. In return the Socialist government slashed pensions and civil servant salaries while increasing taxes and retirement ages. Strauss-Kahn stressed the importance of boosting tax revenue, pointing out the richest people in Greece do not pay in taxes what they would in any other major European country. -- SPA
