International Monetary Fund to discuss on Monday Greece’s current bailout program

The meeting of the IMF executive council on Monday is critical for the Greek programme.

The council will discuss the report on the Greek economy that has been approved by Poul Thomsen, Director of the IMF’s European Department.

The report includes the updated analysis on the sustainability of the Greek debt that confirms its non-sustainability despite the short-term measures decided in December. It is also noted that the debt will remain non-sustainable even if Greece implements all those agreed as part of the ESM programme.

“We are at a crucial point that things have to clear out,” Alternate Economy and Development MinisterAlexis Charitsis said in an interview with Epochi newspaper.

Source: NYT