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Greek finmin says IMF contingent measures impossible to legislate
By George Georgiopoulos Greece is applying reforms to meet bailout pledges but extra contingency measures demanded by the IMF are impossible to legislate, its finance minister said in a leaked letter...
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IMF: Global corruption costs trillions in bribes, lost growth
Public sector corruption siphons $1.5 trillion to $2 trillion annually from the global economy in bribes and costs far more in stunted economic growth, lost tax revenues and sustained poverty, the...
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IMF says Brexit would lead to cycle of weak growth, hit house and share prices
The International Monetary Fund said Britain risks falling into a self-reinforcing cycle of weaker economic growth and lower house and share prices if voters opt to leave the European Union next month....
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Greek parliament approves bailout reforms before Eurogroup meeting
Greek lawmakers approved on Sunday a bill which increases tax, creates a new privatisation fund and frees up the sale of non performing loans in exchange for much-needed bailout loans and to qualify...
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Greece to get lenders’ OK for new loans, but no debt relief yet
After a six month delay, the eurozone is likely to say on Tuesday that Greece has passed the reforms needed to unblock 10 billion euros in new loans, but Athens won’t get debt relief because of...
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After six years’ austerity, Greeks feel no joy from new debt deal
Greece‘s government trumpeted a debt relief deal with other eurozone countries on Wednesday as the beginning of the end of its bruising six-year financial crisis but Greeks remained sceptical and...
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Cyprus needs a more business-friendly environment, IMF official says
Vincenzo Guzzo, the IMF’s Resident Representative in Cyprus on Thursday called for greater efforts to prevent the slowly-growing economy from eventually stalling. “Further acceleration may be hard to...
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Indecision makes Europeans doubt IMF role in Greek deal
By Jan Strupczewski Another sleepless night in Brussels before another debt deal with Greece. So far, so routine in the eurozone crisis. But for once it was not high-stakes calls to Athens that kept...
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Greece tells lenders it can’t implement some extra demands – letter
Greece has told its European and International Monetary Fund creditors it cannot implement some of the extra changes sought in exchange for fresh bailout loans, three sources close to the talks said on...
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EU chiefs to meet June 24 after Brexit vote, Lagarde wishes Brits ‘bon courage’
The heads of the three main political institutions of the European Union will meet in Brussels next Friday, June 24, when the result of Britain’s referendum on whether to leave the bloc will be known....
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Greece’s bailout funds released; EU’s Juncker hails Greek efforts
Greece got more than €7bn in bailout funds on Tuesday after a review of the country’s progress in implementing economic reforms, the head of the eurozone’s bailout fund told reporters in Athens. Greece...
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IMF and World Banks on economic challenges of a solution
The first findings by the International Monetary Fund (IMF) and the World Bank on the economics of a Cyprus settlement say single and coordinated management, as well as incentives to attract...
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EU violating Greek constitution in statistics row, says Greek minister
A Greek minister accused the European Commission on Thursday of violating the country’s constitution when it called on Athens to quash allegations that its former statistics agency chief had rigged...
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Greece may win short-term debt relief soon if it implements reforms – EU...
Greece could secure short-term debt relief measures “very soon” if it implements remaining reforms agreed under its bailout programme, the head of the euro zone’s bailout fund, the European Stability...
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EU/IMF rift on Greek debt is hurting country-Tsipras (Updated)
A rift between the International Monetary Fund and the European Union on how to address Greece’s debt crisis is damaging for the country, Prime Minister Alexis Tsipras said on Sunday. The IMF has yet...
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EU and IMF still at odds with Greece over privatisation fund head
Greece and its foreign creditors are still at odds over who will oversee a new privatisation fund, a finance ministry official said on Friday, an issue which must be resolved for Athens to qualify for...
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Greece needs substantial debt relief, surplus targets unrealistic – IMF (Update)
Greece needs substantial relief to render its debt load sustainable and help set its ailing economy on a recovery path, the International Monetary Fund said in an annual review on Friday. The review,...
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Ex-IMF head Rato stands trial in Spain over credit card use
Crowds jeered at former International Monetary Fund chief Rodrigo Rato when he arrived at a Madrid court on Monday to face trial for his alleged misuse of company credit cards on extravagant personal...
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Cyprus economy to grow 2.2% in 2017 after growing 2.8% this year – IMF
The International Monetary Fund (IMF) said that Cyprus’s economy which exited a prolonged recession last year when it grew 1.5 per cent will see its growth rate slow down from 2.8 per cent this year to...
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IMF chief gives Deutsche Bank tough advice, says need deal on fine
IMF chief Christine Lagarde gave Deutsche Bank some tough advice on Thursday, saying Germany’s biggest lender needed to reform its business model and rapidly reach a deal with US regulators over a...
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