European Department

The daily Blic writes this, and adds, referring to its diplomatic sources, that Chepurin will continue his career in the Russian Foreign Ministry.

The International Monetary Fund (IMF) and especially the head of the IMF's European department, Poul Thomsen, was the main driver of excessive austerity in Greece's first two bailout programs, Greek central banker Yannis Stournaras said on Tuesday.

WASHINGTON - A regionally coordinated public infrastructure push, coupled with better management of actual projects, could significantly increase per capita income in the Western Balkans, the European Department of the International Monetary Fund said in its latest report.

This is according to the European Department of the International Monetary Fund's new report, cited by Tanjug.

"The long-term gain of real GDP per person could be as high as a 3-4 percentage points," says the analysis, written by Ruben Atoyan and Dora Benedek.

The head of the EuroGroup, Jeroen Dijsselbloem disclosed the content of the April 7 Malta EuroGroup agreement between Greece and its creditors. In a letter he sent to the EuroGroup members Mr. Dijsselbloem presented the results of the Malta meeting. With regards to Greece the official meeting covers the following:

4. Greece – State of play

According to a report by Reuters new agency, the International Monetary Fund (IMF) has decided to not join the Greek bailout program, but will instead continue to offer its services in an advisory capacity. From Reuters:

Greece will likely run out of money in June and negotiations on reform have to be completed by that time, the IMF's European head has said.

During a press briefing by Gerry Rice, the Communications Department Director of the International Monetary Fund, most of the attention was focused on Greece.

Below is a Q&A transcript of what was said:

 Precautionary program to consolidate Greece in markets and ease transition to post-bailout period

Rishi Goyal, the deputy chief of the Advanced Economies Unit in the International Monetary Fund’s European Department, is to replace Poul Thomsen as the organization’s head representative in the troika.

Thomsen, deputy director of the IMF’s European department, will replace Reza Moghadam, director of the IMF’s European department since 2011, for an interim period.