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IMF-Europe Differences Remain on Greek Debt, says Fund Official

Poul Thomsen, European Department chief of the International Monetary Fund, informed the board that differences with the European institutions on the Greek debt relief...

IMF Chief: Security Fund Reforms are Linked to Greek Debt Easing

Greece will need debt relief along with deep security fund reforms in order for the pension system to be sustainable, said International Monetary Fund...

EU Bailout Fund Examines Ways to Ease Greek Debt Load

The European Stability Mechanism is examining options to ease Greece's debt, including linking debt repayments to economic growth, according to a Wall Street Journal...

IMF Chief: The Fund Is Ready to Help Greece if Athens Requests It

The International Monetary Fund (IMF) is watching developments in Greece and is prepared to assist Athens, after voters shot down the bailout terms in a...

Greece Defaults on International Obligations; IMF Statement

Greece has missed its June deadline to pay €1.6 billion to the IMF, becoming the first developed country to default on its international obligations. Mr....

Greece's Creditors to Propose 5-Month Extension Deal with €16.3 Bln Funding

Greece’s creditors are to propose a five-month bailout program extension and 16.3 billion euros of funding to resolve a standoff with Prime Minister Alexis...

Here’s How the EU Plans to Strengthen Europe’s Monetary Union

Today, the five Presidents – European Commission President Jean-Claude Juncker, together with the President of the Euro Summit, Donald Tusk, the President of the...

Greek Municipalities Oppose Govt Plans to Use Their Funds

Greek municipalities held an emergency meeting earlier today in Athens after the government ordered the country's public sector operations to transfer excess funds in a...

Greek Gov't to Borrow from Public Fund Reserves to Repay Debt

The Greek government is to borrow 7.3 billion euros from public fund reserves to repay installments due to the European Commission, the European Central...

SYRIZA Will Face a €7 Billion Funding Gap if Creditors Back Out

Greece will face a 7-billion-euro funding gap in March if SYRIZA comes to power and clashes with the country's international creditors who will stop the 7.2-billion-euro...