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IMF

Greece Plans Tax Evader Prisons

Greek Finance Minister Yiannis Stournaras, who said he wants mandatory jail terms for tax cheats who now face only fines and suspended sentences, is reportedly considering a plan to house them in new special jails for those convicted of...

New Democracy Keeps Lead Over SYRIZA

As Greece's major opposition Coalition of the Radical Left (SYRIZA) leader Alexis Tsipras has been making a U.S. swing to pitch his cause, his party has slipped again in polls that show the New Democracy Conservatives of Prime Minister...

Germany Seeks Austerity Advice from Greece

Even as German Chancellor Angela Merkel continues to pound for pay cuts tax hikes and slashed pensions as the answer to Greece’s economic problems, some German officials are planning to visit Athens to find out how the austerity she...

IMF: Catch Tax Cheats or Cut Wages, Pensions

If the Greek government fails to collect from tax evaders it will be forced to again cut worker’s salaries and pension benefits despite Prime Minister Antonis Samaras’ promise he wouldn’t impose more austerity, the International Monetary Fund’s man in...

EU Backs Georgiou On Greek Statistics

Contradicting Greek prosecutors who want an investigation into whether Greece’s statistics agency ELSTAT manipulated numbers in 2009 to force the country to seek an international bailout, the European Commission said the agency’s head, Andreas Georgiou, gave accurate reports. The European...

ELSTAT Chief Georgiou Faces Probe

Greek prosecutors have said they want to conduct a criminal inquiry into whether Andreas Georgiou, the head of the country's statistics agency ELSTAT, and two of his subordinates to determine whether they manipulated numbers to force the country...

High Oil Prices Drive Greeks to Burn Wood

Greeks cutting back on household expenses are turning from oil to wood to heat their homes, but in turn are filling the night air with potentially hazardous pollutants, health care officials have warned. The coalition government, under pressure from the...

Papandreou, Loverdos Spar Over Bailout Claims

A former minister in then Greek Prime Minister George Papandreou's Cabinet in 2010 said he and two other colleagues were opposed to the bailout the Premier sought from the International Monetary Fund, an assertion that Papandreou said was untrue. Andreas...

Troika Puts More Greek Austerity in Limbo

Just a day after International Monetary Fund (IMF) officials said they would push more austerity measures on Greece, they’ve joined the other two of the country’s lenders, the European Union and European Central Bank, in saying there will be...

IMF Demands More Firings, Benefit Cuts

Just days after authorizing release of a $4.52 billion loan, the International Monetary Fund, one of Greece’s Troika of lenders, is insisting on more public layoffs as well as cuts in benefits for the unemployed and families with children,...