FinMin, BoG gov. respond to ‘pessimistic’ IMF forecasts for Greece

9 February 2017
703 Views

Two of Greece’s top economic policy-makers, Finance Minister Euclid Tsakalotos and Bank of Greece (BoG) Governor Yannis Stournaras, this week expressed disagreements with findings cited in the IMF’s released report on the Greek economy and debt.

Both men also criticized the Fund’s “past mistakes”, as they said, regarding the Greek program.

Stournaras, a former finance minister in the pre-SYRIZA coalition governments, conveyed his objections, in fact, to the IMF via a letter.

The Greek central banker charges that the IMF is under-estimating the progress recorded by the Greek economy and is “excessively pessimistic” with its macro-economic and fiscal forecasts.

Stournaras also takes the Fund to task over its forecast that Greek banks will need another 10 billion euros in recapitalization.

You may be interested

Greece is a place where you can touch history, US Ambassador Pyatt says
DEFENCE
shares11 views
DEFENCE
shares11 views

Greece is a place where you can touch history, US Ambassador Pyatt says

Panos - Jun 14, 2021

"If I had to choose something from Greece, this would not be a specific place but a ... thing. It…

Where Europeans Get To Work From Home (infographic)
WORLD
shares20 views
WORLD
shares20 views

Where Europeans Get To Work From Home (infographic)

Panos - Jun 14, 2021

The social distancing measures introduced in response to the Covid-19 pandemic has forced many people to work from home and…

How many earths/resources needed if people lived like these countries (infographic)
GREECE
shares11 views
GREECE
shares11 views

How many earths/resources needed if people lived like these countries (infographic)

Panos - Jun 14, 2021

The world celebrated Earth Day last week, and if the citizens of the world lived like those of the United…

Leave a Comment

Your email address will not be published.