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Results 271 to 280 out of 348.

  • Photo by Panayotis Tzamaros/Fosphotos Stournaras presents debt relief plan with maximum benefits for Greece, minimum cost for lenders


    During a speech at the Delphi Economic Forum on Saturday, Bank of Greece (BoG) governor Yannis Stournaras presented the outcome of an exercise conducted by the central bank showing that mild debt relief in the form of smoothing interest payment for EFSF loans coupled with a primary surplus of 2 percent of GDP as of 2021 is consistent with Greece’s debt sustainability.

  • Photo by Panayotis Tzamaros/Fosphotos Tsakalotos and Stournaras raise objections to IMF assumptions


    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.

  • Photo by Panayiotos Tzamaros IMF far more pessimistic than eurozone on Greek debt, urges significant relief


    The International Monetary Fund's updated Debt Sustainability Analysis (DSA) sees Greek debt as being highly unsustainable and stresses that even with the full implementation of the policies included in the third eurozone bailout programme, both debt and financing needs will become explosive in the long-run.

  • Photo by Panayiotis Tzamaros/Fosphotos IMF sees much scope for reform progress, particularly on tax in Article IV report


    Despite the significant progress made so far, Greece faces fundamental challenges such as vulnerable public finances, notable tax evasion and ineffective tax administration, impaired bank balances sheets and pervasive structural obstacles to investment and growth, the International Monetary Fund’s Article IV consultation report concludes.

Results 271 to 280 out of 348.