Thom­sen sees trou­ble ahead for emerg­ing Europe

Kathimerini English - - Focus -

DUBROVNIK (Reuters) – Emerg­ing Europe is fac­ing in­creas­ing eco­nomic stresses that threaten to un­wind some of the po­lit­i­cal progress made over the of past decades, a top In­ter­na­tional Mone­tary Fund of­fi­cial said yes­ter­day. Poul Thom­sen, the head of the IMF Euro­pean Depart­ment, said cen­tral and east­ern Europe’s eco­nomic growth po­ten­tial has halved in the past decade and the rapid out­flow of skilled work­ers is an in­creas­ing drag. He noted at a con­fer­ence in Dubrovnik that some gov­ern­ments in the region are even ques­tion­ing the ben­e­fits of Euro­pean in­te­gra­tion. Thom­sen, who has led IMF pro­grams with coun­tries such as Greece and Por­tu­gal, also noted that the ex­cep­tional sup­port from a be­nign global

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