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IMF

IMF, Eurozone Seek Last-Minute Deal on Greek Debt

Greece's eurozone creditors and the International Monetary Fund are trying to find a last-minute solution to the country's debt mountain so that the IMF contributes financially to the third bailout program. The Greek rescue program ends on Aug. 20 and...

Creditors Fail to Reach Deal on Greek Debt Relief

The Washington Group that convened on Thursday in Brussels failed to reach an agreement on the Greek debt relief issue and will be meeting again during the G7 summit in Canada, in early June. According to a Bloomberg report, the...

Eurozone to Move on Greek Debt With or Without IMF: Reports

IMF agreement will not be necessary for a June 21 meeting of eurozone ministers to back Greek debt-repayment measures, it was claimed on Tuesday. Media reports citing an unnamed EU source in Brussels stated that Thursday this week would see...

Time is Running Out, says IMF about Participation in Greece's Bailout

Time is running out for the financial participation of the Fund in Greece's third bailout program, said International Monetary Fund spokesman Gerry Rice on Thursday in a press briefing. The IMF official said that there are still differences between European...

IMF Presses European Creditors for Greek Debt Relief Plan by Next Week

The International Monetary Fund is pressing Greece's European creditors to agree on a debt relief program as soon as next week to ensure that the fund has enough time to give money to the country. Poul Thomsen, the IMF director...

Eurogroup Chief: Greece Needs to Take Ownership of Reforms

Eurogroup President Mario Centeno called on Greece to stick to economic reforms and avoid sliding back to policies that will not help the country emerge from the crisis. "Greece needs to take full ownership of the reform program," Centeno said,...

More International Scrutiny for Greece

As eurozone finance ministers prepare to meet on Friday, Greece is expecting international creditors to inspect the country more often after its bailout ends in August. In comments to the U.K.'s Financial Times on Thursday, Greek Finance Minister Euclid Tsakalotos...

New Report Claims Greece Can Expect 2.1% Growth in 2018

  As reports from Germany on Thursday appeared to link proposed Greek debt relief with growth rates, a think tank in Athens claimed the economy would again improve in 2018. Data from the Foundation of Economic and Industrial Research (IOBE) predicted 2.1 percent...

Berlin Insists on Strict Conditions for Greek Debt Relief

Debt relief for Greece will only be provided under strict conditions if it happens at all, Germany's finance ministry has said. Earlier, German newspaper Handelsblatt reported that Berlin was opposed to granting debt relief without strict conditions. The financial newspaper...

Gap Between EU-IMF over Greek Debt Remains

The International Monetary Fund and the European Union continue to disagree on the Greek debt relief issue, as was shown during the IMF and World Bank spring meeting in Washington. According to a Kathimerini newspaper report, the two sides attended...