Greece needs pension, product and service market reforms-IMF's Lagarde

April 16, 2015 7:06 PM

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WASHINGTON, April 16 (Reuters) - Greece must reform its pension system because the current one is not sustainable and also liberalize its product and service markets to introduce more competition, International Monetary Fund Managing Director Christine Lagarde said on Thursday.

Greece is negotiating with its international creditors, including the IMF, over a list of reforms that it would need to implement to get more loans as Athens is quickly running out of cash to pay wages and pensions and redeem maturing debt.

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