BUSINESS

IMF's Thomsen says Greece not fully financed to 2016

The International Monetary Fund's Poul Thomsen said on Sunday that Greece's public debt was still «exceptionally» high at 175 percent of output and that the country's ongoing bailout would need «more financing."

"In our view, (the bailout) is not fully financed the whole way to 2016 and one would need...to find some more money,» Poul Thomsen, the IMF mission chief on the Greek bailout, told Mega channel.

"We are not looking at a big amount...nothing compared to the past, but one would need to look for some more official assistance,» Thomsen said.

Greece is waiting for EU data agency Eurostat to confirm in late April its first primary budget surplus in years -- that is, a budget in surplus before counting debt servicing costs.

In return, the eurozone has pledged to help Greece make its public debt -- still enormous after a 2012 rollover -- sustainable in the long-term.

[AFP]

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