Showing posts with label IMF. Show all posts
Showing posts with label IMF. Show all posts

August 28, 2015

Ukraine agrees 'win-win' debt restructuring deal

Ukraine’s finance minister said a “win-win” deal for restructuring $18bn (£11.6bn) of debt had been agreed with a group of its largest creditors, involving a 20% reduction in the total to be repaid.

July 28, 2015

Eurozone outlook improves, International Monetary Fund says

The outlook for the eurozone has improved, says the International Monetary Fund (IMF), thanks to a falling oil price, a weaker euro and action taken by the European Central Bank (ECB). It predicted that growth would pick up to 1.7% next year, from 1.5% this year.

June 22, 2015

Greece submits fresh plan on eve of EU emergency summit

Greek Prime Minister Alexis Tsipras presented new proposals to European leaders Sunday aimed at ending his country's debt crisis, on the eve of a summit that could determine whether Greece crashes out of the eurozone.

June 10, 2015

Greece deal nears as PM warns of eurozone collapse

Brussels (AFP) - The EU's top official for the euro said Tuesday that Greece and its creditors could be just days from reaching a bailout deal as Prime Minister Alexis Tsipras warned that failure could sink the eurozone.

June 04, 2015

Britain can afford to live with high debt 'forever', says IMF

George Osborne's obsession with reducing Britain's debt mountain may do more harm than good, research by the International Monetary Fund (IMF) has suggested.

May 12, 2015

Greece says deal will be 'difficult' at Eurogroup meeting

Finance Minister Yanis Varoufakis acknowledged that a deal to ease Greece's cash crunch was not likely at a meeting of euro zone finance ministers later on Monday despite progress in talks with lenders on some issues.

May 09, 2015

Greek PM forecasts 'happy end'; Eurogroup chief cites progress in talks

Greek Prime Minister Alexis Tsipras forecast a happy end soon to fraught negotiations with creditors on a cash-for-reform deal, and the chairman of euro zone finance ministers said talks were making progress, though not enough for a deal next Monday.

April 29, 2015

Greek PM says initial deal in bailout talks 'very close'

ATHENS, Greece (AP) — Greece's prime minister voiced hope that bailout talks between the cash-strapped country and its international creditors are "very close" to an initial deal, and ruled out early elections if the dragging negotiations fail.

April 27, 2015

IMF Hikes the Eurozone’s 2015 Growth Forecast to 1.5%

The IMF’s (International Monetary Fund) World Economic Outlook report released on April 14, 2015. It brought some good news for the Eurozone economies.

April 19, 2015

Greek euro exit fears rise as IMF rebuffs payment delay

Washington (AFP) - Top European officials and Greece's finance minister were on Thursday forced to play down fears that the country was poised to exit the eurozone, after the IMF rejected suggestions that Athens would postpone loan repayments.

April 17, 2015

IMF: Global economy steady but risks abound

Washington (AFP) - The International Monetary Fund said Tuesday that the global economy remains tepid, with slowdowns in emerging markets offsetting progress in the Japanese and European economies.

April 16, 2015

Now Germany is getting ready for Greece to default too

Tsipras address a news conference following talks at the Chancellery in Berlin March 23, 2015.Germany is working on a plan to keep Greece in the eurozone if the country defaults on its debt, according to weekly newspaper Die Zeit.

April 04, 2015

Exclusive: Greece tells creditors it will run out of cash on April 9


(Reuters) - Greece has told its creditors it will run out of money on April 9, making an appeal for more loans before reforms on which new disbursements hinge are agreed and implemented, but the request was rejected, euro zone officials said.

July 11, 2014

ECB’s Draghi calls for rules on economic reforms

European Central Bank President Mario Draghi on Wednesday called for a new set of rules for euro-zone members that would apply to economic reforms and be analogous to the standards that govern borrowing by governments.

May 13, 2014

IMF's Lagarde calls for more ECB stimulus: paper

(Reuters) - Christine Lagarde, managing director of the International Monetary Fund, has repeated calls for more stimulus from the European Central Bank to keep at bay the risk of persistently low inflation in the euro zone.

May 02, 2014

Greece eyes extension of rescue loans, more bond issues

(Reuters) - Greece will formally propose stretching the maturity of its international rescue loans from about 30 years to up to 50 as part of a push to make its debt sustainable, a senior Greek finance ministry official told Reuters on Wednesday.

April 30, 2014

Chaos and control: Europe's debt crisis from two perspectives

(Reuters) - Perhaps the darkest moment of the euro zone debt crisis came in the middle of 2012 when Greece stood on the brink of being forced out of the currency bloc and a question mark hung over whether Cyprus would remain in if Athens left.

September 02, 2013

Greece rejects EU plan to sell assets through overseas agency

ATHENS: Greece dismissed a proposal by euro zone officials to hand over the management of its real estate assets to a holding company based overseas, saying on Saturday the country would stay in charge of its privatisation programme.

August 31, 2013

Euro zone, IMF to press Greece for foreign agency to sell assets

BRUSSELS: Greece's international lenders will press Athens next month to transfer state-owned real estate to a holding company managed by the euro zone to spur flagging privatisation efforts, officials said on Thursday.

January 20, 2013

IMF sees up to 9.5 bilion euro Greek funding gap in 2015-2016

WASHINGTON: The International Monetary Fund on Friday estimated that Greece faced a financing gap of between 5.5 billion and 9.5 billion euros for 2015 and 2016 and said it had assurances from Europe the aid would be forthcoming for Athens in the final years of its international bailout.