IMF fears reversal of reforms

The International Monetary Fund on Friday expressed uncertainty over the long-term prospects of Greece's debt, along with concern that some of the reforms might be reversed or not implemented, including the reduction of pensions in 2019 and the tax discount in 2020.

After wrapping up an inspection in Athens in the context of drafting the Article IV report, mission chief Peter Dolman stated at a press conference that the implementation of those two reforms is crucial as it will signal whether the government will remain on the path of reform or not in the post-program period.

Despite recent statements by government officials - including the prime minister - regarding the possibility of avoiding the pension cut, Dolman stressed that Athens has been "very firm" in committing to doing what has been agreed to in 2019 and 2020. He added that because the Fund's role is only of...

Continue reading on: