IMF 'ready to provide assistance' in Greek crisis: Lagarde

Washington :- The International Monetary Fund is carefully monitoring the unfolding financial crisis in Greece and neighbouring countries, and is ready to provide assistance “as needed,” Managing Director Christine Lagarde said today.

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.

Draghi Says ECB Measures May Entail Buying Government Bonds

European Central Bank President Mario Draghi explicitly cited government-bond buying as a policy tool officials could use to stimulate the economy if the outlook worsens.

ECB Willing to Weigh More Stimulus If Needed, Coene Says

The European Central Bank would be prepared to enact more stimulus measures if necessary to increase liquidity in the euro area, ECB Governing Council member Luc Coene said.

ECB Seeks to Ease Euro-Area Capital Barriers for Lending

Europe’s efforts to boost lending and reduce financial fragmentation won’t succeed unless banks can move money freely between countries, European Central Bank policy makers said this week.

UK real incomes to rise at last in 2014, says Bank of England official

British households can look forward to rising real incomes in 2014 after four years in which high inflation has outstripped wage increases, a Bank of England policymaker said.

Euro zone has long way to go in climb out of crisis: ECB's Mersch

(Reuters) - The euro zone is early on its climb out of economic crisis but it is on the right track, ECB Executive Board member Yves Mersch said on Friday.

ECB’s Weidmann Says Low Interest Rates Come With Risks

European Central Bank Governing Council member Jens Weidmann said low interest rates come with risks that can’t be ignored, even though the current policy stance is appropriate.

Will G-20 Counter Power of Uncertainty?

By Alexander Mirtchev 

In 2009, G-20 leaders met in Pittsburgh and emerged with a mandate ‘to be the premier forum for international economic cooperation,' endowing the G-20 with a leading economic role on the global stage. It appeared at the time that the leaders of the G-20 had successfully defeated pessimism. However, the rising tide of global economic turmoil and problems ranging from sovereign indebtedness to consumption and saving imbalances have created a ‘perfect storm' that is far from abating.

IMF trims German 2013 growth forecast to 0.3 per cent

FRANKFURT: The International Monetary Fund lowered Monday its forecast for German growth this year, but predicted that Europe's biggest economy will experience a recovery in the second half of 2013.

German investor confidence tumbles in June

German investor confidence dropped sharply in June, sustaining its steepest fall in nearly 14 years, amid increased concerns over the health of Spain's banking system.

Sweden Is Safest as Crisis Upends Bond Market

Sweden is enjoying its lowest borrowing cost ever relative to Germany as investors reward the biggest Scandinavian economy for cutting its debt to less than half Europe’s average and enforcing discipline at its banks.