IMF unconvinced Greek bailout reforms will produce fiscal goals - Thomsen



The International Monetary Fund is sceptical if Greek reforms under the current euro zone bailout can deliver the fiscal targets set by the lenders, a senior IMF official said on Friday.
Poul Thomsen, who heads the IMF's European Department, told a news briefing the fund's own calculations showed that the reforms Greece has undertaken would produce a primary surplus -- the amount of money the government has before debt servicing -- of 1.5 percent of GDP.
The euro zone's programme, however, expects these reforms to produce a surplus of 3.5 percent, Thomsen said.
"We can support a... read more

 
7 October 2016 in Business, Views: 41
Source: Reuters
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