IMF sets out its stall as review deliberations resume in Athens

EconomyProgramme Tags: Budget, IMF, Labour, Pensions, Reforms
Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]
Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

Following the statements made during a regular press briefing by the IMF spokesman Gerry Rice last Thursday ahead of the resumption of discussions between the institutions’ mission chiefs in Athens, the IMF sent a very strong message regarding the Greek programme on Monday evening.

The second involves the pension system, which costs the budget around 11 percent of GDP versus the euro area average of only 2.25 percent. In particular, the Fund notes that the recent pension reform reduces this cost by just 1 percent of GDP, which is ...

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