The head of the IMF is still preparing for the second wave of crisis

The head of the International Monetary Fund Dominic Struss-Kang warned about the possibility of a second wave of a global economic recession. “We must be very careful, since the current recovery remains extremely unstable,” he told reporters in Tokyo on January 18. According to the head of the IMF, an increased risk to the global economy is now creating cheap money that fill developing markets. This is fraught with the formation of new bubbles in the assets markets, quotes the stross-kana of the Associated Press.

He still sees the main problem of governments and central banks in search of an adequate withdrawal from the extreme support regime of the financial and economic system. “If we stop these measures too early, there will be a threat of a second recession,” the head of the IMF warned.

So, Greece can again turn to the International Monetary Fund for an emergency loan, reminds ITAR-TASS. As Strauss-Chan said to the French news television channel France-24: "I think that such an opportunity exists, but it is not a fact that such an appeal from Greece will take place. Moreover, I hope that this will not be necessary."

Strauss-Kan sees the two most likely scenarios for the development of further events: either the Greece government itself will cope with the current difficulties, or if the Athens will not be able to attract money from the world private borrowed market, European institutions will be assisted.

The Director of the Directorate of the IMF emphasized that today's “serious economic and financial difficulties” Greece go back to the time that preceded the crisis: "The current situation is the crystallization of the problems that existed in Greece earlier."

The IMF working group has already arrived in Athens to analyze the emergency reform program, which was developed by the Greek government. Now the country is experiencing a difficult time when the state budget deficit has reached almost 13% with a limit for eurozone states of 3%.