IMF's Lagarde considers Greek exit a possibility

Published: May 29, 2015 2:49 a.m. ET

Market Watch

FRANKFURT--The managing director of the International Monetary Fund considers a Greek exit from the eurozone a possibility, but such a step probably wouldn't mean the end of the euro, she told German newspaper Frankfurter Allgemeine Zeitung.

A Greek exit wouldn't be "a walk in the park," but probably doesn't spell the end of the eurozone, the paper quoted Christine Lagarde as saying ahead of an interview to be published Friday.

Ms. Lagarde also contradicted recent statements out of Greece indicating the country and its creditors are close to an agreement on funding.

"It's very unlikely that we'll reach a comprehensive solution in the coming days," Ms. Lagarde said. Ms. Lagarde is attending the Group of Seven meeting Thursday in Dresden, Germany.