Greece
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International Monetary Fund

Greek Premier Announces Closure of IMF Office in Athens

Greek Prime Minister Kyriakos Mitsotakis announced the closure of the IMF office in Athens after meeting Kristalina Georgieva, the Managing Director of the Fund, in Washington on Tuesday. Mitsotakis thanked Georgieva for her support of Greece and acknowledged that the...

IMF to Greece: Implement Agreed-Upon Cuts

The necessity of the implementation of cuts already agreed to by the Greek government, including pension cuts and the lowering of the tax-free income threshold, was reiterated by the International Monetary Fund’s spokesperson in Washington. Gerry Rice said that it...

IMF Still Undecided Over Future Role in Greece

The International Monetary Fund may still participate in the Greek program and this will become clear on June 21, when there is a Eurogroup meeting, said International Monetary Fund Managing Director Christine Lagarde on Monday. Speaking to reporters after meeting...

IMF's Lagarde: Implementation of Program, Debt Relief Essential for Greece

The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, met Monday in Washington with the Prime Minister of Greece, Alexis Tsipras, to discuss recent developments in Greece and key issues ahead. The decisive implementation of Greece's adjustment program...

IMF Executive Board Meeting on Greece: Full Statement and Recap

Here's the full statement of the IMF board after an important meeting where the future of Greece's economy and measure implementation was discussed. Read the full statement: On February 6, 2017, the Executive Board of the International Monetary Fund (IMF) concluded...

ESM Chief: Greece Is Special Case, 4th Bailout Might be Needed

European Stability Mechanism President Klaus Regling said on Wednesday, that Greece is a special case and this is the reason it is still in a rescue program, while he warned that a fourth bailout might be needed. Regling addressed a...

Two Years of SYRIZA Administration for Greece Means Two Years of Stagnation

As Alexis Tsipras and his administration celebrate two years in power today, one wonders where Greece would have been if it wasn't for these two years of procrastination, austerity and deepening recession. And shameless lies, too many to list. On...

IMF Says Not Demanding New Austerities at This Time for Greece

According to International Monetary Fund (IMF) officials, IMF chief economist Maurice Obstfeld and European Department Director Poul Thomsen, the financial institution is not demanding more austerities from Greece. The IMF has taken to its blog in order to defend...

Greek Government Celebrates Pyrrhic Victory

Listening to the news on the state-run television stations after Monday's Eurogroup, one would think that the Greek debt is reduced to the point that the country is one step away from economic recovery. That is if one is not...