IMF

Eurozone finance ministers agreed Monday to meet again November 20 to clear the way for a long-delayed Greek aid payment, but a proposal to change its debt reduction deadline sparked the ire of the International Monetary Fund. Eurogroup head Jean-Claude...

Plans to give Greece extra time to meet deficit-cutting targets would open up a financing gap of around 15 billion euros ($19 billion) through 2014 and 17.6 billion euros in the two following years, the country’s creditors said. The “troika”...

Having done its job – approving a $17.45 billion spending cut and tax hike plan and an austerity budget, Greece is now waiting for its international lenders to hand over a long-delayed $38.8 billion installment in return as promised....

In another sign of distrust, Greece’s international lenders have reportedly demanded that the government produce the names of the 2,000 workers who are expected to be laid off by the end of the year, and eventually fired, according to...

One of the most onerous measures in a $17.45 billion spending cut and tax hike plan that Prime Minister Antonis Samaras narrowly ushered through a divisive Parliament – a 25 euros ($31.77) entry fee to be seen at a...

Greece is downplaying reports that the Eurozone will not act at a Nov. 12 meeting of finance ministers to disburse a long-delayed $38.8 billion loan (31.5 billion euros) installment despite approval by the Greek Parliament of a contentious $17.45...

Two Greeks are going to be included in the delegation of the Troika of the European Union-International Monetary Fund-European Central Bank (EU-IMF-ECB) which is negotiating with Cyprus over the size and conditions the island needs to right its struggling...

Only another write-down of Greece's debt will help stabilise the country financial situation, a just-departed director of the International Monetary Fund says. Arvind Virmani, who represented India at the IMF for three years until the end of October, on Friday...

Greece is living on borrowed money – at high interest rates – until its international lenders release a $38.8 billion loan, and will have to borrow money on Nov. 13 to pay previous loans until the money is disbursed. Despite...

In a scorching editorial, the New York Times has declared that the new $17.45 billion spending cut and tax hike plan narrowly approved by the Greek Parliament was a bow to international lenders who demanded austerity the newspaper said...