Feb
11
IMF Warns of Renewed `Grexit’ Fears Without Credible Greece Plan
By-
Greece seen needing both pension reforms and debt relief
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Without pension reforms, Greece to miss surplus goal, IMF says
Greece will face renewed fears that it will exit the euro area unless the nation’s government and European creditors come up with a credible plan to make the country’s debt sustainable, a top IMF official said.
“We have yet to see a credible plan for how Greece will reach the very ambitious medium-term surplus target that is key to the government’s plans for restoring debt sustainability,” Poul Thomsen, head of the International Monetary Fund’s European Department, wrote in a blog post on Thursday. “A plan built on over-optimistic assumptions will soon cause Grexit fears to resurface once again and stifle the investment climate.”…
IMF Warns of Renewed `Grexit’ Fears Without Credible Greece Plan
