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Tag Archives: Thomsen

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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IMF in Athens: Driving Large and Tax Free?

 There is a question here, whether Greece’s lenders IMF escaped paying Value Added Tax after importing the car they go around and control the country fiscal discipline. Yorgos Anatolakis, MP from coalition government partner, the far right-LAOS, filed a question at the Greek Parliament addressed to the Ministry of Infrastructure and  …

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