Christine Lagarde
Cyprus
Juncker Says Cyprus Bailout Needed Now
With talks over a bailout for Cyprus going on for months, former Eurozone chief Jean-Claude Juncker said that a deal must be reached almost immediately because the island's government is nearly bankrupt because of its banks large expose to...
Economy
Lagarde Backs Reforms, Says Revenues Needed
International Monetary Fund Managing Director Christine Lagarde said Greece needs to find ways to generate more cash fast because austerity measures and lifeline loans from its international lenders aren't enough to prop up the economy.
Lagarde defended the policy...
Economy
IMF: Implementation is Key for Greek Payment to Go Through
The main challenge for a disbursement under a Greek bailout package is the implementation of measures agreed to by Greece and finance ministers of the euro region, including a buyback of Greek bonds, an International Monetary Fund spokesman said,...
Economy
Eurozone Talks Break Down, No Aid for Greece Yet
After 12 hours of talks in Brussels between Eurozone finance chiefs and International Monetary Fund Managing Director Christine Lagarde failed to reach an agreement on how to manage Greece's runaway debt and unlock a long-delayed $38.8 billion loan, Prime...
Economy
Lagarde on Greece: "Not Over Till the Fat Lady Sings"
International Monetary Fund Managing Director Christine Lagarde said on Friday it is important that a crucial Eurogroup meeting next week on Greece forges a deal that will put the insolvent country΄s economy on sustainable path — though differences remain...
Economy
IMF: 120% Debt Ratio By 2020 is Fund's Red Line For Greek Program
The International Monetary Fund's long-held debt-reduction target for Greece is non-negotiable, a fund official said Thursday, adding that the IMF's European bailout partners must take "other actions" to cut the beleaguered country's debt profile.
"Critical to us is Greece's debt...
Economy
Lagarde Assures All Partners Have Same Aim to Rescue Greece
The International Monetary Fund (IMF) has given an assurance that "all partners share the same objective" to rescue Greece's economy.
"All partners share the same objective and concern to make sure Greece is back on track and can return to...
Greece
Germany Says Merkel Didn’t Discuss War Reparations W/Samaras
The German government said on Friday that Chancellor Angela Merkel and Greek Prime Minister Antonis Samaras did not discuss possible reparations for Nazi crimes in Greece during World War II.
“That was not a topic,” spokesman Steffen Seibert said at...
Greece
Schauble: 'No Alternative' to Slashing Debt
Germany's finance minister said Friday there is "no alternative" to cutting debt in European countries, the day after the IMF chief called for Greece to be given more time to pare its deficit.
"There's no alternative to reduce in the...
Economy
Schaueble: No OSI For Greece, Waiting For Troika
German Finance Minister Wolfgang Schaeuble on Thursday rejected calls for any restructuring of Greek debt held by official creditors and said any question of giving the stricken country more time to meet its budget targets should wait on a...