IMF Envoy Says Greece Can Avoid Cuts

The IMF's man in Athens, Poul Thomsen
The IMF’s man in Athens, Poul Thomsen

While declaring that Greece still needs to complete extensive reforms, the government can avoid making more “horizontal cuts” in spending that has roiled social unrest, Poul Thomsen, the envoy for the International Monetary Fund (IMF,) one of its chief lenders said.

“Further measures will be needed for 2014-2016 but they will be on a much smaller scale than in the past,” Thomsen was quoted by the semi-state Athens New Agency as saying, in an interview with newspaper Kathimerini.

“We agree with the government there should be no across-the-board measures and that they should focus on areas of waste,”  Thomsen said.
Thomsen also called for easing restrictions on collective dismissals in the private sector, noting that the changes would help curb unemployment by encouraging companies to open without fears that they cannot dismiss their staff if things do not work out.

A stalled overhaul of the civil service must continue, Thomsen said, noting that it is still “taboo to talk about laying off non-performing workers.” The government is planning the transfer, firing or dismissal of as many as 40,000 workers over the next two years on orders of the Troika of the European Union-IMF-European Central Bank.


  1. As a start Greece can go away with the $100 000 retirement bonuses for the public sector-a privilege ,non existent anywhere else in the modern World.Mond you, this is a Bancrupt country living off International dole.

  2. Actually after several years of reform, the public sector in Greece today is actually one of the lowest paying in EU,. yet racist morons like you still act like it is one of the best paying.

  3. “Focus on areas of waste.” That amounts to the 300 useless politicians in Greek Parliament. Get rid of half of them. Throw Papoulias the President out of office along with his exuberant salary. Stop paying former PM Papandreou who is hiding in the USA after betraying Greece (treason) and get rid of every mayor and their members tons under them in every village and city across Greece getting paid for nothing.
    The IMG and EU has not done their JOB! Get rid of these useless corrupt politicians on every level in Greece. Stop feeding Tsohaztopoulos and Vicky S. lobster and caviar in high level security and just execute them. Kidding. Let them die prison.

  4. Actually,you are wrong.There was this Greek lady Vasliliki? on this forum,that mentioned that one of her cousins recently retired from the public sector and WAS paid $100 000 retirement bonus,also her aunt retired from the private sector and received $42 000 retirement bonus.These practices are still fully ongoing in Greece and they need to be stoped by the IMF immediately!

  5. The IMF had been hijacked by special French interests and is now run by a failed French socialist that had been persecuted on corruption charges,what do you expect?

  6. You have no idea what you are talking about troll. Your just a lying ultra nationalist that resorts to demagoguery against greeks..

    You manipulatively (and quite dishonestly) use rare cases as the norm to try and push ethnic hatred of Greeks (like those that try to claim that Greek all retire at 50 because a tiny handful of Greeks did).

    Greece was wildly overspending when this started but this is not the situation today. Greece now has among the lowest wages in the EU today Naziboy. (including public sector)

  7. Have you actually read your hateful comment,Dean Plassaras?”Nazi”?Wow.I guess everyone who does not agree with Greeks spending other’s people money is dubbed as “Nazi” by the Greeks.Ignorant on top of being greedy and reckless.I will post whatever I like,and I am just stting the Facts!You are simply waisting mine and your time,Plassaras.

  8. I am not a Turk,but what’s wrong with their nationality?At least they are not broke like the Greex.If I was you,I would be kissing Turkish a$$es ,because they could well be the next one to be “saving ” Greece with their money,LOL

  9. C’mmon Plassaras,how many Aliases you registered to Troll everyone around here?You are so stupid,so you think you are able to fool anybody?You are not just a Troll,You are a bully too and you should be banned from posting on normal Internet forums.I am an American,I am not Turk-but I don’t mind the Turks,at least they have the decency to NOT blackmail us for money like the Greeks do!You are a Prove that the Greeks are disgusting self righteous bunch that think they are above everybody and that the World owes them a living.Wake Up and smell the Cofee,Plassaras.Your pitiful country is broke,you are broke, your children are broke ,your grandchildren are broke by Default too.You depend totally on OUR MERCY .So Shut Up and have some decency at least not to abuse the people who FEED you.

  10. He could possibly by a Skopian too.

    The Skops cnstantly demonize Greeks and try to talk us out of ethnic existence like he does. (fyi- there is a Skopian that switches aliases here that keeps calling us “Greex” so it may be the same poster)

  11. LMAO. The nut case seems to think you and I are the same poster and that we are both “Dean Plassaras” (another poster that comes here)

  12. Plassaras,Dinos,all the same-you are all the same whining bunch of Greek beggars and Trolls.

  13. Don’t know much about Dean. I didn’t even know he and Tedi had a history until the paranoid troll kept accusing posters of being Dean (including me).

  14. You come here day-in day-out ranting racist rhetoric at Greeks and call the us trolls?

    When you decide to move beyond being an unemployed loser that has nothing better to do with his life than troll Greek website, move out of our mommy’s home, you should consider a job as comedian.