IMF: High primary surplus targets a “drag” for Greece’s economic recovery
The International Monetary Fund (IMF) agrees with the opinion expressed by Christine Lagarde in the European Parliament concerning the need to review the high primary surplus targets for Greece, IMF...
View ArticleESM opens way for discussion to reduce primary surplus in 2020
Head of the European Stability Mechanism (ESM), Claus Regling, has paved the way for reduction of the primary surplus and welcomed Greece’s intention to repay the IMF loan earlier than planned....
View ArticleGreece officially launches process for early IMF repayment
Greece has officially launched the process for the early repayment of the loan to the International Monetary Fund (IMF). On Monday Finance Minister Christos Staikouras signed the letters to be sent to...
View ArticleIMF report on Greece: Lower Primary Surpluses and …Wages
The staff of International Monetary Fund (IMF) has published the preliminary findings after paying a visit to Greece in the context of the 4. post bailout program enhanced surveillance review....
View ArticleIMF’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...
View ArticleESM and EFSF approve Greece’s request for early IMF repayment
The European Stability Mechanism and the European financial Stability Facility approved the Greek request for partial early repayment of the International Monetary Fund. The EMS issued a statement on...
View ArticleIMF report: Greece made progress, just remain on reforms path
One of the same: Greece has made steps towards creating a more competitive and dynamic economy, the International Monetary Fund (IMF) said in a report published on Friday. However, the country “should...
View ArticleGreece concludes early repayment of IMF loans, says Finance Ministry
Greece concluded the early repayment of expensive loans from the International Monetary Fund, the country’s finance ministry said on Monday. The move allows Athens to reduce its debt-servicing costs,...
View ArticleIMF office in Athens will close, Greek PM Mitsotakis announces
Prime Minister Kyriakos Mitsotakis announced on Tuesday evening that the office of the International Monetary Fund (IMF) in Athens will close. He did not specify when the IMF office will close, though....
View ArticleIMF: Greece will be the worst hit economy in Europe with 10% recession
The International Monetary Fund forecasts a nightmarish deep recession for Greece in 2020, as a result of the coronavirus pandemic. The IMF expects the Greek economy to shrink by 10% of the GDP and...
View ArticleIMF on Greece: Weak recovery in 2021, unemployment 20%, primary surpluses...
Greece will return to primary surpluses from 2022 after reporting higher primary deficits and public debts in 2020, the International Monetary Fund said its Fiscal Monitor report released on Wednesday....
View ArticleESM approves Greece’s early loan repayment of €3.3billion to IMF
The European Stability Mechanism (ESM) gave the “green light” for the second early repayment of a Greek loan to the International Monetary Fund, worth around 3.3 billion euros. In an announcement, ESM...
View ArticleIMF: Greece to return to primary surpluses as of 2022
Greece is expected to return to primary surpluses as of the 2022 budget, the Internationla Monetary Fun d(IMF) said in its fiscal monitor report published on Wednesday. The report has registered high...
View ArticleIMF praises Greece’s progress; recommends imposition of carbon tax
As if we, Greeks, do not pay a hell of a money on energy bills, here comes our beloved International Monetary Fund recommending the imposition of a carbon tax. The IMF recommends further a gradual...
View ArticleGreece fully repaid its dept to IMF, says Finance Minister
Greece completed its repayment of its International Monetary Fund (IMF) debt on Monday, Greek Finance Minister Christos Staikouras announced. The dept of 7.9 billion euros in total was repaid two years...
View ArticleIMF revises upwards forecast for Greece’s economy growth 2023-24
The International Monetary Fund (IMF) on Tuesday revised upwards its forecast for the Greek economy this year to 2.6% from its autumn forecast of 1.8% in October 2022, and said the Greek economy was...
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