Greece
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Poul Thomsen

IMF: Greek Economy To Grow By 2.4 % In 2019

The International Monetary Fund (IMF) released its Regional Economic Outlook for Europe report on Thursday, making a more positive forecast regarding the prospects of the Greek economy than the European Commission in its Autumn Forecast report, released the same...

IMF Presses European Creditors for Greek Debt Relief Plan by Next Week

The International Monetary Fund is pressing Greece's European creditors to agree on a debt relief program as soon as next week to ensure that the fund has enough time to give money to the country. Poul Thomsen, the IMF director...

IMF: Greece Should Broaden Tax Base

Greece should consider broadening its tax base and possibly accelerate lowering the threshold for tax-free incomes for 2019 instead of 2020, said IMF Director for European Affairs Poul Thomsen on Friday. Speaking during the International Monetary Fund and World Bank...

IMF's Thomsen: Maturities Extension is Enough for Greek Debt Sustainability

In an interview with Austrian newspaper Der Standard, IMF's head of European department Poul Thomsen claimed that extending maturities of the Greek debt is enough to make it sustainable in the long run. "Greece needs long term deadlines to pay...

IMF Not Asking Greece for More Fiscal Measures

The International Monetary Fund is not asking Greece to take any additional fiscal measures under the bailout programme, the head of the IMF's European Department Poul Thomsen told a news briefing. "I do not see any need for additional fiscal...

IMF's Thomsen: No Stability Concerns Over Greek Banks

Poul Thomsen, Director of the European Department of the IMF, said there are "no concerns" about the stability of Greek banks and an asset quality review (AQR ) is not necessary, in an apparent shift on IMF’s previous statements. Earlier,...

Greek PM Tsipras Invites IMF to Participate Financially in Greece's Bailout

Greek Prime Minister Alexis Tsipras has sent a letter of intent to the International Monetary Fund asking for its financial participation in the country's bailout program, according to a Kathimerini newspaper report. In the letter seen by Kathimerini, Tsipras pledged...

German Newspaper: Individual Interests Delay Greece's Return to Normality

German newspaper Sueddeutsche Zeitung revealed on Saturday an internal document of the Eurogroup which shows that although Greece was praised for its progress, the loan disbursement was delayed because of a disagreement among the lenders. "Greece must wait because they...

IMF's Thomsen: We Need More Realism in Assumptions and More Specificity About Greece's Economy

The International Monetary Fund's (IMF) European Department head Poul Thomsen said on Tuesday that his organization needs to see more realistic euro zone assumptions about Greece's economy as well as a detailed planned of debt relief measures for the...

IMF’s Thomsen Welcomes Greece’s Deal With Lenders

Poul Thomsen, director of the IMF’s European Department, welcomed on Tuesday the agreement achieved between the Greek government and its lenders saying it will allow fiscal policy to become more growth-friendly. Speaking to journalists in a conference call, he said...