BUSINESS

IMF official had warned about the size of Greece’s debt back in 2008

DIMITRA MANIFAVA

IMF's Bob Traa, seen here in a file photo.

TAGS: Finance

Bob Traa, the former head of the International Monetary Fund’s mission to Athens, had warned in a report as early as in 2008 that Greece’s long-term debt would soar to 800 percent of the country’s gross domestic product, as the actuarial debt of the social security funds would amount to 400 percent of GDP, former Bank of Greece governor Giorgos Provopoulos revealed on Wednesday.

"We requested that he not publish it,’ added Provopoulos at the annual general meeting of the Federation of Hellenic Food Companies (SEVT) last night in Athens.

Provopoulos currently chairs the board of Eurobank’s Bulgarian subsidiary.

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