- - Tuesday, May 15, 2012

PARIS — The head of the International Monetary Fund on Tuesday raised the possibility that Greece could leave the eurozone in an orderly fashion.

“If the country’s budgetary commitments are not honored, there are appropriate revisions to do, which means either supplementary financing and additional time or mechanisms for an exit, which in this case must be an orderly exit,” Christine Lagarde said in an interview with France 24.

“It is something that would be extremely expensive and would pose great risks but it is part of options that we must technically consider,” she said.

She spoke as political leaders in Greece said the country was facing new elections as they had failed to agree on a governing coalition in crunch talks following May 6 inconclusive polls.

Observers say that new elections in Greece will likely hand more parliament seats to anti-austerity parties and could push Greece out of the eurozone.

“They have undertaken important reforms, they have made a certain number of sacrifices,” Ms. Lagarde said. “To throw all of this away because of profound political disagreements, it’s really a shame for the Greek people.”


Ex-tabloid editor decries phone-hacking charges

LONDON — Ex-News of the World editor Rebekah Brooks says she is baffled by the decision to charge her in Britain’s phone-hacking scandal, calling the move a waste of public money.

Mrs. Brooks, her husband and four others were charged Tuesday over alleged attempts to conceal evidence of phone hacking, the first prosecutions since police reopened inquiries almost 18 months ago into tabloid wrongdoing.

Mrs. Brooks said that people will eventually see the charges as just “an expensive sideshow.”


Cardinal Health ends DEA inquiry with settlement

NEW YORK — Pharmaceutical wholesaler Cardinal Health Inc. said Tuesday one of its Florida facilities will be barred from shipping controlled substances for two years under a settlement with federal authorities over alleged ineffective controls.

The Lakeland, Fla., facility will remain open and other operations will continue under the agreement with the Drug Enforcement Administration. Cardinal Health also intends to improve procedures that are designed to prevent prescription drugs from being abused.

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