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Tag Archives: Thomsen

Reasons why teleconference between Greece and creditors was cancelled

The teleconference between Greece and creditors scheduled for Wednesday evening has been cancelled. The conference was to take place between Greek government representatives – Finance, Deputy Finance and Labor Ministers – and representatives from the institutions. According to government sources, the teleconference was cancelled because one of the representatives of …

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EU Commission is looking for staff level agreement on review by April 7

The aim is to reach a staff level agreement by the Eurogroup on April 7, European Commission spokesman Margaritis Schinas said on Monday, as Greece and lenders continue negotiations in order to conclude the second review of the current Greek program. The spokesman said that the negotiations between Greece and …

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IMF chief economist Blanchard warned in May 2010 Greece program was not going to work

A report by Olivier Blanchard, a former economic at the International Monetary Fund, has been presented at a meeting organized by the Canadian think tank Centre for International Governance Innovation end of January. In this report,  dated 4. May 2010, then chief economist at the IMF, Olivier Blanchard was warning …

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Schaeuble and IMF’s Thomsen agree to increase pressure on Greece

German Finance Minister Wolfgang Schaeuble and the International Monetary Fund finally agreed on the Greek debt issue. However what they agreed upon is not what Greece would like to expect. Schaeuble and the IMF’s responsible for Europen Poul Thomsen agreed to a common hard-line, that translates into to increase pressure …

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IMF divided over Greece: Program Exit or just Debt Relief?

The International Monetary Fund is divided over the Greek Program. Poul Thomsen, the head of IMF’s European Department,  now openly supports that the IMF should overall exit the Greek Program. In his report, Thomsen contends that the problem is not only economical because Greece is considered as “non repairable” but …

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Business and claims as usual: “Greece is defaulting” each and every day

Over the Easter days, Greece was exposed to a barrage of negative media reports claiming that a “Greek default” was “imminent” if the bailout talks between the Greek government and the creditors fail. The claims continued also today with the aim to increase pressure ahead of the Euro Group meeting …

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Greek debt scenarios: “Great stretch” or “time to default”?

Hardly has Greece managed to return to the international markets and several scenarios started to circulate again about the future of the Greek debt. One of the scenarios claims that the solution would be is a great stretch of another 20 years for the pay back of the bailout loans. …

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IMF’s Thomsen on Greek Austerity Talks: “We Agreed on Most Issues”

The latest play performed by Samaras coalition government partners was apparently a Greek version of  Much a do about nothing. Fotis Kouvelis (Democratic Left) and Evangelos Venizelos (PASOK) criticized the Troika demands on labour rights with the first announcing he would not vote for labour measures and the latter warning that Troika is playing with fire. …

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