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Tag Archives: Thomsen

Varoufakis recordings: Eurogroup dirty laundry to be released March 10

February 21, 2020 Greece 2

“You can hear Schaeuble’s voice saying that the profits from Greek bonds he wanted for the German budget,” Yanis Varoufakis revealed in an interview ahead of the controversial release of his secret recordings from the Eurogroup sessions in the first half of 2015. “Don’t you want to hear Schaeuble speaking …

IMF’s Thomsen “suffers from short-time memory loss,” says Tsakalotos

October 1, 2019 Economy Comments Off on IMF’s Thomsen “suffers from short-time memory loss,” says Tsakalotos

Head of IMF’s Europe department “Poul Thomsen suffers from short-time memory loss,” said Syriza MP and former finance Minister Euclid Tsakalotos. He was commenting on Thomsen’s claims that the Greek government agreed to high primary surpluses targets during the negotiations in the first half of 2015. Greeks accepted the high …

IMF and ECB reach compromise on Greek banks, traders in ASE smile

September 28, 2017 Uncategorized Comments Off on IMF and ECB reach compromise on Greek banks, traders in ASE smile

The International Monetary Fund and the European Central Bank reached a compromise on the Greek banks: the ECB will accelerate stress tests, the IMF will give up its demand for full asset quality review (AQR). The International Monetary Fund said on Thursday that it sees no financial stability concerns in …

IMF keeps fiddling the same tune: Greece needs more economic overhauls than currently planned

April 24, 2017 Economy 1

The International Monetary Fund had a sobering message for Greece this weekend: Even if the country secures debt relief from its European creditors—a question that is by no means assured with bailout talks still deadlocked—the nation still needs even more painful economic overhauls than currently planned. Seven years into an …

IMF admits one more wrong projection on Greece, as it forgot the Capital Controls

April 22, 2017 Economy 2

For one more time, the International Monetary Fund admitted it made wrong projections about Greece’s economy. This time it was IMF’s director of the European Department Poul Thomsen. Speaking at a press conference in Washington on Friday, Thomsen said the Fund’s projections for 2015 and 2016 were wrong because the …

Reasons why teleconference between Greece and creditors was cancelled

April 5, 2017 Economy 3

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 …

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

March 27, 2017 Economy Comments Off on 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 …

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

February 15, 2017 Economy Comments Off on 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 …

IMF’s Thomsen admits Greece forecast based on insufficient data

February 15, 2017 Economy 3

For one more time, the International Monetary Fund had to admit that its methods for projections and forecast were questionable. In an effort to reject criticism coming from Greece’s European lenders, the director of the IMF European Program, Poul Thomsen, admitted that the Fund did not had all available and …

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

February 5, 2017 Economy Comments Off on 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 …

Greece’s EU creditors, PM Tsipras, all in one voice against the IMF

December 13, 2016 Economy 4

Ero zone officials hit back at the International Monetary Fund on Tuesday for publishing an article on the way forward for Greece’s fiscal and economic policy that thrust into the open a row between the lenders over Athens’ bailout. The post of IMF’ Poul Thomsen blaming both the European creditors …

The IMF rejects own responsibility, blames Greece for austerity measures

December 13, 2016 Economy 7

Goof cop – Bad cop: while the bad cop, that is the Europeans summed up in one single person called Dr Wolfgang Schaeuble, the good cop is Greece’s eternal friend the International Monetary Fund. In a blog post written by Poul Thomsen, responsible for the Europe program, the IMF dismisses …

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

October 8, 2016 Economy 5

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 …

“IMF, The 1000+1 Errors” – Fund’s watchdog criticizes programs in Greece, Ireland and Portugal

July 28, 2016 Economy 2

The much awaited report of the International Monetary Fund’s independent watchdog (Independent Evaluation Office- ΙΕΟ) is out: 700 pages featuring one by one all the errors, mistakes, miscalculations in the design and implementation of the IMF’s programs in Greece, Ireland and Portugal 2010-2011 and the way it handled the crises …

Explosive! WikiLeaks exposes IMF’s strategy of delays in Review Talks aiming to trigger Greece’s Default

April 2, 2016 Politics 15

WikiLeaks and Julian Assange published today the records of a 19 March 2016 teleconference between the top two officials of the International Monetary Fund who in charge of managing the Greek debt crisis – Poul Thomsen, the head of the IMF’s European Department, and Delia Velkouleskou, the IMF Mission Chief …

Pensions Reform simplified: The IMF wants 15% cut to all pensions

January 28, 2016 Economy 1

Amid EU’s threats of Schengen expulsion… here comes the International Monetary Fund and jumps in the Greek issues with revolutionary ideas. No, the IMF’s concept has nothing to do with the Refugee Crisis but with the Greek debt numbers and the other big topic, this of Pensions Reform. The IMF …

If Germany wants Grexit & Lafazanis wants Drachma, the logical conclusion is: Berlin supports Popular Unity!

September 2, 2015 Politics 2

Many Greeks have been wondering what is the purpose of the snap elections scheduled for September 20th? Some answer the question replying “Tsipras could not govern with the support of the opposition but without the support of his own MPs,” others warn that “with such a huge debt and such …

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

April 14, 2015 Economy Comments Off on 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 …

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

April 14, 2014 Economy Comments Off on 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. …

IMF Thomsen: “Greeks get higher pensions than the Germans”

July 3, 2013 Economy, Society 4

No, Troika-chief Poul Thomsen did not refer to pensioners from the notorious Greek state-run enterprises (DEKO) going into retirement at 50’s and getting 2,000 to 3,000 euro. He referred to the poor devils, who get less than 1,000 euro per month, gross. Private sector employees, older generations of self-employed. Poul …

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