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Greece

IMF's Poul Thomsen: It Will be Several Years Before Greece Returns to Pre-Crisis Levels

"It will take many years and additional reforms, which are not currently on the negotiating table, until Greece returns to pre-crisis levels," said Poul Thomsen, European Affairs Director for the International Monetary Fund, at a press conference in Washington...

IMF's Thomsen: Maturities Extension is Enough for Greek Debt Sustainability

In an interview with Austrian newspaper Der Standard, IMF's head of European department Poul Thomsen claimed that extending maturities of the Greek debt is enough to make it sustainable in the long run. "Greece needs long term deadlines to pay...

IMF's Thomsen: No Stability Concerns Over Greek Banks

Poul Thomsen, Director of the European Department of the IMF, said there are "no concerns" about the stability of Greek banks and an asset quality review (AQR ) is not necessary, in an apparent shift on IMF’s previous statements. Earlier,...

IMF's Thomsen: We Need More Realism in Assumptions and More Specificity About Greece's Economy

The International Monetary Fund's (IMF) European Department head Poul Thomsen said on Tuesday that his organization needs to see more realistic euro zone assumptions about Greece's economy as well as a detailed planned of debt relief measures for the...

IMF’s Thomsen Welcomes Greece’s Deal With Lenders

Poul Thomsen, director of the IMF’s European Department, welcomed on Tuesday the agreement achieved between the Greek government and its lenders saying it will allow fiscal policy to become more growth-friendly. Speaking to journalists in a conference call, he said...

Thomsen Signals IMF's Reluctance to Support Financing for Greece

International Monetary Fund (IMF) European department chief Poul Thomsen said that the fund is unlikely to rejoin Europe in more financing of Greece in the near future. He said that the IMF's EU department would be in Athens soon...

Prokopis Pavlopoulos: ESM Should Take Over IMF

The recent publication by Wikileaks, revealing a conversation between IMF officials Poul Thomsen and Delia Velculescu, has caused intense reactions in Greece. In a phone conversation between PM Alexis Tsipras and President of Democracy Prokopis Pavlopoulos, the latter demanded that...

Thomsen Reportedly Proposes IMF Absence from Greek Bailout

The Director of the IMF’s European Department, Poul Thomsen, as well as other Fund executives are recommending that it withdraws from the Greek program, Greek financial newspaper Ependisi reported on Thursday. “The IMF should not give a new loan, but...

Thomsen: Greece Needs Debt Relief

International Monetary Fund European Department head Poul Thomsen argued, during a global IMF conference in Lima, Peru on Friday, that Greece will need debt relief. “We think that Greek debt... has become highly unsustainable,"  Thomsen is quoted by Reuters as...

IMF's Thomsen: Negotiations Sped Up but Greece Runs Out of Cash in June

Negotiations with Greece are speeding up but there is still a long way before an agreement, said Poul Thomsen, Director of the European Department of the International Monetary Fund (IMF). Thomsen said that Greece will probably run out of money...

'Thomsen's Girls' and 'Death Team' Examine Greek Tax Offices

Poul Thomsen's so-called 'Death Team' have started audits at all Greece's major tax offices, investigating the properties of Greek taxpayers. The country's tax collection mechanism is under the control of Thomsen and his team, who are determined to tackle tax evasion...

Thomsen and Morse Greeted with Chaos in Athens

Today, Poul Thomsen and Matthias Morse had to secretly leave from a side door of the Ministry of Finance, because of the violent reaction of the Ministry’s cleaning staff. Dozens of cleaning people who are now suspended, waited for...

Thomsen Says Must Be Limit to Greek Fiscal Pain

Debt-laden Greece and its international lenders must focus less on deficit reduction and more on reform because there are limits to what society can tolerate, a senior IMF official said on Wednesday. With a long-awaited debt swap deal with private...

IMF: Greek Economy To Grow By 2.4 % In 2019

The International Monetary Fund (IMF) released its Regional Economic Outlook for Europe report on Thursday, making a more positive forecast regarding the prospects of the Greek economy than the European Commission in its Autumn Forecast report, released the same...

Eurozone to Move on Greek Debt With or Without IMF: Reports

IMF agreement will not be necessary for a June 21 meeting of eurozone ministers to back Greek debt-repayment measures, it was claimed on Tuesday. Media reports citing an unnamed EU source in Brussels stated that Thursday this week would see...