Greece
Economy
Return of Institutions to Athens at the Heart of Lagarde-Tsakalotos Meeting
A meeting between IMF Chief Executive Christine Lagarde and Euclid Tsakalotos took place on Friday afternoon within the framework of the Spring Fund Summit in Washington and lasted about 40 minutes.
Up for discussion was the reduction of the Greek...
Economy
Moment of Truth: IMF's Lagarde to Attend Executive Board Meeting on Greece
The International Monetary Fund's Christine Lagarde will be participating today in an executive Board meeting at the organization's headquarters in Washington which is set to begin at 2:30 p.m. (9:30 p.m. Greek time).
IMF technocrats are to present the outcome...
Economy
Scathing Report: IMF Watchdog Criticizes the Fund's Poor Handling of Greek Crisis
The International Monetary Fund's Independent Evaluation Office presented a scathing report on Thursday on the IMF’s handling of European bailouts. The findings show that it bent the rules and bowed to political pressure in the ill-fated Greek rescue in...
Economy
IMF-Europe Differences Remain on Greek Debt, says Fund Official
Poul Thomsen, European Department chief of the International Monetary Fund, informed the board that differences with the European institutions on the Greek debt relief issue remain, thereby the Fund cannot participate financially in the bailout program.
According to a Real.gr...
Economy
IMF Chief Dismisses Wikileaks Report on Greece as 'Simply Nonsense'
International Monetary Fund Managing Director Christine Lagarde has dismissed the WikiLeaks report that suggests IMF is deliberately trying to push Greece towards a "credit event."
Prime Minister Alexis Tsipras sent a letter to Lagarde asking if this is the official...
Business
IMF vs EU- Squabble on the Greek Debt and Surplus
The squabble between the IMF and the EU concerning the fate of the Greek debt is ongoing, with each side aiming to anticipate the movements of the other. On any given opportunity, they change their estimations concerning the achievement...
Economy
Sapin, Lew Stress Urgency of Greece's Bailout Review
French Minister of Finance Michel Sapin and U.S. Secretary of the Treasury Jack Lew argued in Washington that "a lot of work" is needed in Greece and bailout review talks must be completed soon.
The two officials discussed the Greek...
Economy
Tough Road Ahead for Greece, Eurozone After Bailout
German lawmakers are expected to vote Wednesday on whether to approve a third bailout for Greece. Both Greek lawmakers and eurozone finance ministers now back the deal, but hurdles remain before the Greek crisis is over.
After long hours of...
Economy
Tsipras Will Meet ECB’s Asmussen
Alexis Tsipras, leader of Greece's major opposition party the Coalition of the Radical Left (SYRIZA) which is opposed to international bailouts and the austerity measures that come with them, is due to meet European Central Bank (ECB) Executive Committee...
Economy
Time Running Out Fast for Greece While Investors Balk at Losses
ATHENS – While the government keeps insisting it soon expects a deal with private investors to write down the country’s debt, as part of a second bailout package needed to keep the country from defaulting, there was reportedly little...