International Monetary Fund
Economy
More Greek Austerity Ruled Out – Maybe
Greek Prime Minister Antonis Samaras, who has assured Greeks that a $17.45 billion spending cut and tax hike plan that’s being implemented will be the last time they face austerity measures is getting backing from an economist who heads...
Greece
Strauss-Kahn in Greece: As An Advisor?
There was speculation in Athens on Sept. 28 over the presence in the city of the disgraced former director of the International Monetary Fund (IMF) Dominique Strauss-Kahn.
The ex-French finance minister arrived in the Greek capital two days earlier and...
Cyprus
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...
Economy
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...
Economy
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...
Economy
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...
Economy
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...