Greek representative to International Monetary Fund and one of the Fund’s alternate executive directors Thanos Catsambas unexpectedly resigned on Wednesday. Greek media speculate whether Catsambas’ resignation has anything to do with the visit of Finance Minister Yanis Varoufakis to IMF last Sunday.
Effectively Thanos Catsambas will step down from his position on 1. June 2015. The reasons for his departure are not yet clear.
Mr Catsambas was a former IMF official from 1979-2010, and was appointed as Greece’s IMF representative in January 2012 when Lukas Papadimos was Prime Minister.
Sources from the Greek Finance Ministry commented on Catsambas’ resignation that “it was his own personal decision” implying that he was not asked to do so.
