Greece
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Poul Thomsen

Greek Finance Minister Says IMF Must Adopt a More Moderate Stance on Labor Rights in Greece

Greek finance Minister Euclid Tsakalotos says IMF should respect a country’s acquired social benefits and entitlements in an interview in the daily Ta Nea. At the same time, Mr. Tsakalotos is careful not to cause further friction between his government...

IMF Maintains Tough Stance Over Greece’s New Bailout Program

Just a few days after the posting of his controversial article on the IMF’s blog, Poul Thomsen, Director of the Fund’s European Department, presented yesterday the state of the Greek bailout program to the organization’s Executive Board, saying that...

EU Says IMF is Part of the Review of Greece’s New Bailout Program

Asked about the article that IMF’s Poul Thomsen wrote the other day in connection with the IMF’s position on the new bailout program for Greece, European Commission vice president Valdis Dombrovskis said that the Fund is involved in the...

IMF: Greece Needs More Pension Cuts to Be Sustainable

Greece needs to make pension cuts in order to make the security funds system sustainable in the long run, says the International Monetary Fund. Poul Thomsen, the Deputy Director of the Fund's European Department who handles the Greek bailout, says...

IMF Disagrees with Greek Proposal on Pension Reforms

Poul Thomsen, Director of the European Department of the International Monetary Fund, rejects the Greek proposal on security fund reforms, according to a real.gr report. Thomsen also expressed the opinion that the first evaluation of the progress of Greece's bailout program...

Thomsen Reportedly Proposes IMF Absence from Greek Bailout

The Director of the IMF’s European Department, Poul Thomsen, as well as other Fund executives are recommending that it withdraws from the Greek program, Greek financial newspaper Ependisi reported on Thursday. “The IMF should not give a new loan, but...

IMF Admits Mistakes Over Greece's Bailout Program

The International Monetary Fund acknowledged that it made mistakes and omissions in the Greek bailout program approved in May 2010, as it did not include debt restructuring. The IMF Board of Directors approved the evaluation report on the programs during...

Thomsen: Greece Needs Debt Relief

International Monetary Fund European Department head Poul Thomsen argued, during a global IMF conference in Lima, Peru on Friday, that Greece will need debt relief. “We think that Greek debt... has become highly unsustainable,"  Thomsen is quoted by Reuters as...

IMF Official: Greek Elections Delay Bailout Tranche, Market Loses €800 Mln

International Monetary Fund official Poul Thomsen said that elections will cost Greece the delay of the next bailout tranche disbursement and deprive the market of 800 million euros in liquidity. Thomsen briefed the IMF board of directors on the Greek...

Greek Parliament Investigating Committee on Memoranda Unveils Witness List

The Parliamentary investigating committee set up to examine the causes of the Greek crisis and the reasons that the country was pushed into accepting bailout Memoranda, unveiled a list of witnesses on Wednesday that it hopes to summon,...