Greece
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International Monetary Fund

Troika Likely to Seek Cyprus Cut in State Payroll

International lenders negotiating a bailout for cash-strapped Cyprus are likely to seek cutbacks in its public payroll and some increases in taxation, the Cypriot finance minister said on Tuesday. Officials from the International Monetary Fund, European Commission and European Central...

Spiegel: IMF to Provide No New Funds to Greece

The German news magazine Spiegel reports that the IMF has told the EU it will provide no additional funds for Greece. The report has sparked fresh fears that Greece could fall into bankruptcy by the autumn. A report by a...

ECB Suspends Eligibility of Greek Bonds as Collateral

The European Central Bank said Friday it would suspend "for the time being" the eligibility of Greek sovereign bonds as collateral for its loans to banks. Greek sovereign bonds "will become for the time being ineligible for use as collateral...

Merkel: Greece Μust Stick to Reform Path

Germany΄s chancellor said any new Greek government must continue to implement the mix of austerity measures and structural reforms that the country has agreed to in exchange for its international bailouts. According to Associated Press, Chancellor Angela Merkel on Monday...

IMF Approves its Greek Bailout Contribution

The International Monetary Fund says it has approved €28 billion in funding for crisis-hit Greece over the next four years. An IMF statement says the executive board's decision Thursday allows for immediate release of €1.65 billion of these funds as...