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Turbulent Negotiations Result in Host of Denials from IMF, Athens

© AFP 2023 / LOUISA GOULIAMAKIA man plays music on a digital keyboard near graffiti on a corrugated metal gate reading "Cut the debt, IMF go home" in Athens on February 24, 2015
A man plays music on a digital keyboard near graffiti on a corrugated metal gate reading Cut the debt, IMF go home in Athens on February 24, 2015 - Sputnik International
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The International Monetary Fund (IMF) and the Greek government on Saturday denied German media reports that claimed the money lender had temporarily pulled its staff from Athens over little progress in bailout talks.

People make their way in central Syntagma Square as the parliament building is pictured in the background in Athens - Sputnik International
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ATHENS (Sputnik) German magazine Der Spiegel cited its sources as saying Friday that IMF had recalled its technical team from the Greek capital for the Orthodox Easter holiday, due on April 12, because the fund got frustrated over the slow pace of negotiations.

Greek Finance Ministry's General Secretary Nikos Theocharakis said the disruption in talks did not come as a surprise since technical experts from the "troika" of international creditors – IMF, European Central Bank and the European Commission – were "completely incompetent," Der Spiegel added.

In a Saturday comment to Greek media, IMF said that the pullout was part of the "normal rotation" and will not affect the negotiations with the Greek government.

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"The technical teams of the three institutions have been in Athens for over three weeks working with the Greek authorities, and some members of the teams are returning to their respective headquarters as part of the normal rotation during such missions. The technical talks are continuing from the capitals and directly on the ground, including via local staff," IMF said.

In his turn, Nikos Theocharakis denied making an unflattering remark about the competence of the Eurogroup's technical teams. On the contrary, he referred to them as "top-notch people with impressive skills," the Greek Finance Ministry said in a statement.

Greece has been under increased pressure from both its creditors and media as it strives to secure a financial lifeline from the troika of international creditors. It is expected to repay a 450-million euro ($494 million) loan tranche to the IMF on April 9.

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