Thanos Catsambas, the Greek representative to International Monetary Fund and one of the Fund’s alternate executive directors, resigned, unxpecedly on Wednesday. Greek media speculate whether Catsambas’ resignation is related by any means with the visit of Finance Minister Yanis Varoufakis to IMF last Sunday.
Effectively Thanos Catsambas will step down from his position on 1. June 2015. No official statement, press release or announcement has been made for the reasons for his departure yet.
Mr Catsambas was a former IMF official from 1979-2010, and was appointed as Greece’s IMF representative in January 2012 when Lukas Papadimos was Prime Minister.
Sources from the Greek Finance Ministry commented on Catsambas’ resignation that “it was his own personal decision” implying that he was not asked to do so.
German newspaper Die Welt recently accused Greece, -but mainly the ex Greek government this time-, of not acting on opportunities to recover billions in lost tax, “The Greek government has done nothing for a year to recover supposedly untaxed assets of Greek citizens in Switzerland. There is an invitation extending from 2014 by the Swiss Secretariat for International Financial Matters (SIF) to track the money and transfer it to Athens,”
Between 2008 and 2012, taxation in Greece, which made a 72.4 percent contribution to fiscal adjustments, was increased by 337.7% for lower income households, compared to just 9% for higher income groups, according to the publication of a recent study GREECE: SOLIDARITY AND ADJUSTMENT IN TIMES OF CRISIS, supported by the Macroeconomic Policy of Institute of the Hans-Boeckler-Foundation