A symbolic farewell to the IMF

The announcement by Prime Minister Kyriakos Mitsotakis on the closure of the International Monetary Fund office in Athens following his recent meeting with the IMF's new managing director, Kristalina Georgieva, had an obvious symbolic character: to mark the end of an era. The office opened in 2010, and in the popular mind it is identified with Greece during the period of the memorandums. And, as was also the case in other countries in similar situations, the presence of the Fund's staff in our country (regardless of the personalities of the individuals involved) was never welcomed.
The IMF, of course, is not "leaving" Greece as such, first and foremost because it still remains its lender. Furthermore, even after the envisaged early repayment of the remaining loans, Fund staff will regularly visit the country in the context of the periodic evaluation of the economies of IMF...

Continue reading on: