Tsakalotos and Stournaras raise objections to IMF assumptions

EconomyProgramme Tags: Debt, IMF, NPLs, Pensions, Reforms, Taxes
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

The Article IV consultation report on Greece published by the International Monetary Fund on Tuesday evening included letters by the Greek Finance Minister Euclid Tsakalotos and Bank of Greece governor Yannis Stournaras, which both outlined their disagreement on certain assumptions and comments in IMF’s debt sustainability analysis (DSA) and ex-post evaluation report.

Tsakalotos stressed that “recommendations are not in line with the most recent, evidence-based and pragmatic analysis of the Greek economy,” while Stournaras concluded that “the IMF’s long-term projections seem to have incorporated only substantial down...

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