International Monetary Fund
Economy
IMF to Play New Role as Special Advisor in Greek Bailout
The International Monetary Fund (IMF) will most likely not join in the Greek bailout program bearing in mind its disagreement with EU resistance to debt relief. Senior sources within the IMF, however, point to a strong possibility of the fund...
Economy
Thomsen Signals IMF's Reluctance to Support Financing for Greece
International Monetary Fund (IMF) European department chief Poul Thomsen said that the fund is unlikely to rejoin Europe in more financing of Greece in the near future. He said that the IMF's EU department would be in Athens soon...
Economy
Washington Views Greek Debt as Unsustainable; Lew Calls for Restructuring
U.S. Treasury Secretary Jack Lew called on Greek Finance Minister Euclid Tsakalotos to push through more reforms for Greece's current bailout review. Lew made these comments while Tsakalotos was in Washington on the sidelines of an International Monetary Fund summit.
Lew...
Economy
IMF Chief Calls for Greek Debt Relief and More Reforms
International Monetary Fund (IMF) Chief Christine Lagarde said on Thursday that Greek debt is not viable. She said that while Greece has proceeded to implement some reforms, more work is still needed to be done. She confirmed fears that...
Economy
IMF Predicts Primary Surplus Will Be Lower Than Expectations of Greece and EC
The International Monetary Fund forecasts a much lower primary surplus for 2017 than the predictions made by the Greek Finance Ministry and the European Commission. In its report, it also called for new measures to achieve these goals. According to its...
Economy
German Press Reports Defend Greece Following IMF Report
The German press is filled with extensive commentary concerning the International Monetary Fund's (IMF) report on Greece that was released on Friday. The report recommends a reduction in pensions while reiterating the IMF's position on relief needed to ensure...
Greece
IMF Report: Pension Reductions, Tax and Labor Changes Needed
The International Monetary Fund (IMF) Greek Head Delia Velculescu held a conference call with reporters on Friday. She stated that Greece’s growth outlook remains weak, and pointed to further deep reforms necessary. She also said that debt relief from...
Economy
IMF Rep Velculescu: Greek Reforms are Toxically One-Sided in Class Structure
International Monetary Fund Representative Delia Velculescu met with the leadership of the General Confederation of Greek Workers (GSEE) at the Bank of Greece (BoG) building. The meeting, called by Velculescu ran for one and a half hours and took place...
Economy
Fitch: Greece's Second Bailout Program Review Might Take Until 2nd Quarter of 2017
Negotiations for the second evaluation of Greece's bailout program may continue until the second quarter of 2017, Fitch estimates.
In its report on the Greek economy, the U.S. rating agency notes that the Greek government does not take full ownership...
Economy
Lagarde: IMF Not Ready to Participate in Greek Bailout
International Monetary Fund Chief Christine Lagarde told Reuters that the IMF will downgrade its 2016 global growth forecast as economic prospects worsen. The IMF's World Economic Outlook is due in early October and is expected to signal the sixth...