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IMF

Thomsen and Morse Greeted with Chaos in Athens

Today, Poul Thomsen and Matthias Morse had to secretly leave from a side door of the Ministry of Finance, because of the violent reaction of the Ministry’s cleaning staff. Dozens of cleaning people who are now suspended, waited for...

Greece Begins Tough Talks With Troika

In what promises to be rough negotiations over reforms, Greek officials on Nov. 5 picked up talks with its international lenders who are pressing for faster privatizations, better tax collection, firings of workers and additional measures to fill a...

Stournaras Aims For Troika Deal

With envoys from international lenders due back in Athens this week, Finance Minister Yannis Stournaras said he's hoping that "common sense" will reign and that Greece's message that it's doing better than expected will lead for less stringent measures...

Troika Changes Mind, Back to Athens

They weren't coming. They were coming. Were. Weren't. Envoys from Greece's international lenders, after squabbling with the government over long-delayed reforms, said they will return to Athens next week to check the books before signing off on the next...

Farmers vs. Homeowners On Property Tax

Just a day after Greek Prime Minister Antonis Samaras, the New Democracy Conservative leader and his coalition partner and Deputy Premier, PASOK chief Evangelos Venizelos said they would make changes to an onerous property tax bill that was causing...

Samaras, Venizelos Talk Troika Strategy

Fresh off reneging on promises not to impose more austerity measures, Greek Prime Minister Antonis Samaras, the New Democracy Conservative leader, and his Deputy Prime Minister, PASOK Socialist chief  Evangelos Venizelos are scheduled for another powwow on Oct. 30...

Proposal for 10% Single Tax On Savings

The idea was well hidden in the report of the International Monetary Fund which provided a 6.5 billion euro budget gap for Greece. The IMF proposed the imposition of a one-off capital levy of 10% on individuals in order...

IMF vs EU- Squabble on the Greek Debt and Surplus

The squabble between the IMF and the EU concerning the fate of the Greek debt is ongoing, with each side aiming to anticipate the movements of the other. On any given opportunity, they change their estimations concerning the achievement...

Greek Lawmakers Want Troika Haircut

Some  3 1/2 years after asking for international bailouts and $325 billion in loans later, Greece hasn't made a dent in its debt, still hovering around $430 billion, and now is trying to make a case that it can't...

Reichenbach: Greece doesn't Need More Taxes

The view that Greece has carried out the biggest part of the reforms was expressed by the Greek Minister of Development Kostis Chatzidakis, in his statements after his meeting with the Head of the Task Force for Greece Horst...