Greek rep to IMF: Next report by Fund more positive for Greece than previous one

Friday, 29 June 2018 11:58
UPD:12:02
Eurokinissi/ΠΑΝΑΓΟΠΟΥΛΟΣ ΓΙΑΝΝΗΣ
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Greece's representative to the IMF, Michalis Psalidopoulos, on Friday said an upcoming report by the Fund on Greece will be more "positive than the previous one", a closely watched report that will include a debt sustainability analysis.

Speaking on Parliament's television channel, he also left open the possibility of a "renegotiation" of another round of pension cuts - due to come on line on Jan. 1, 2018 - and which the Greek government has already agreed to with creditors, as far back as 2016.

He also opined that a Eurogroup decision earlier this month guarantees the sustainability of the Greek debt, at least in the medium term - echoing the IMF's position. The Fund's leadership, however, has standing concerns over the sustainability of the debt in the long term.

"The agreement puts the debt issue in a secure course, at least until 2032-33," he said.

 Psalidopoulos, who taught economics at Tufts between 2010-2014, was nominated as Greece's representative to the IMF back in June 2015, by then Finance Minister Yanis Varoufakis, and at height of a crisis between the Tsipras leftist-rightist coalition government and the country's institutional creditors.

The government ordered capital controls in late June 2015 after announcing a controversial referendum - on a withdrawn offer by creditors - in the wake of shambolic negotiations with creditors over the previous five months.

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