Greek PM sends letter to IMF

Posted by Christian J. Hadjipateras 12/07/2017 0 Comment(s) Economia Blog,
Prime Minister Alexis Tsipras has written to the International Monetary Fund (IMF) with a series of commitments from his SYRIZA-led government in an attempt to keep the organisation inolved in the Greek program. The letter includes several conditions and changes that the government must implement by June of next year such as changes to trade union laws. 
 
On the IMF’s part, the European Department Director, Poul Thomsen, has indicated he would welcome Greece forging contacts with international markets. He also commented that the debt sustainability analysis (DSA) for the country is complete and has been sent to the organisation’s executive council.
 
The IMF has consistently been the most vocal supporter of debt relief for Greece in contrast to a somewhat more hesitant approach from other creditors involved in the bailout program. 

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