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Europeans Clash over Greek Debt Crisis
Following eight hours of talks on Tuesday evening (11 July), finance ministers from the 17 countries that share the common EU currency, are discussing...
Obama Discusses Consensus
Time will be the problem for the President of the United States, Barack Obama. On July 11th, he will be part of discussions to break an agreement...
IMF Rewards Greece for its Debt-Reduction Efforts
The IMF's board gave the Greek government's austerity measures the thumbs up by releasing the latest tranche of its first bailout. Its new managing...
Satisfaction over the Approval of the Fifth Installment
"We welcome the commitment of Eurogroup to pursue funding strategy that ensures the Greek economic program," said IMF Representative Caroline Atkinson, in a statement.
"This commitment, combined with the recent adoption of fiscal...
French Finance Minister Calls For IMF To EASE Greek Lending Terms
French Finance Minister Christine Lagarde called on the International Monetary Fund to ease the terms of Greece’s bailout loan, following European Central Bank’s example,...
Russia sees Greek debt “restructuring"
According to AFP, Alexei Kudrin (photo), Russia's finance minister Saturday said he expected Greece to require a restructuring of its debt by creditors. He...
Europe will stand by Greece, says Sarkozy
A meeting between Greek Prime Minister George Papandreou and French President Nicolas Sarkozy in Paris on Sunday ended with the French president's pledge for...