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Athens to Miss June IMF Payment if No Bailout Deal Reached - Syriza

Athens will not make its June debt repayment to the International Monetary Fund if there is no guarantee of a deal for a new aid package to the crisis-stricken country in the coming days, a spokesman for the ruling Syriza party said Wednesday.

No payment without sign of deal - Greece

Greece will not make a June 5 repayment to the IMF if there is no prospect of an aid-for-reforms deal with its international creditors soon. ||| Athens - Greece will not make a June 5 repayment to the International Monetary Fund if there...Show More Summary

Only Greece Responsible for Reaching Deal With Creditors - IMF Head

Greece must take a decision regarding the agreement with its creditors as Athens is solely responsible for its debt, International Monetary Fund (IMF) head Christine Lagarde told the IMF board, media reported Wednesday.

Greece will not pay IMF on Friday without prospect of a deal: lawmaker

ATHENS (Reuters) - Greece will not make a June 5 loan repayment to the International Monetary Fund if there is no prospect of an aid-for-reforms deal with its international creditors soon, the spokesman for the ruling Syriza party's lawmakers said on Wednesday. Show More Summary

IMF Economists: Stop Obsessing Over Debt

Some countries should spur growth by not paying down their debt, argue top economists from the International Monetary Fund—the institution largely tasked with helping countries cut their debt burdens.

Creditors Agree on Bailout Proposal for Greece

The International Monetary Fund (IMF) and European Union institutions, reached a consensus to push Greece for further extensive economic reforms.

Greece and its creditors both say the ball is in the other guy's court

The leaders of France, Germany, and the heads of  the International Monetary Fund (IMF) and European Central Bank all met Monday night to hammer out a final deal to propose to Greece — which sounded like it would be a take it or leave it offer. As it turns out, Greece's government was doing exactly the same. Show More Summary

IMF sees signs of stability in Ukraine

IMF mission chief Nikolay Gueorguiev has delivered an upbeat assessment of Ukraine’s reform progress. ||| Kiev - The head of an International Monetary Fund team visiting Ukraine gave a positive assessment of progress by Kiev on reform on Sunday and said there would be further discussion on loans that the near-bankrupt country badly needs. Show More Summary

Reflections From Below The Fossil Subsidy Iceberg

As close observers have long suspected, governments historically underestimate the cost subsidies for fossil fuel exploration, development, and production. By far. The International Monetary Fund has just calculated far in a study distributed by its Fiscal Affairs department: How Large Are Global Energy Subsidies? (IMF working paper 15/105). Show More Summary

Here’s The Ugly and Scary Reality Facing Greece and the Eurozone

The financial news today is abuzz with headlines about the Greek debt crisis. The biggest development came with International Monetary Fund Managing Director Christine Lagarde being quoted as saying that "a Greek exit is a possibility,"...Show More Summary

Today's Headlines

Bloomberg: Greece Vows to Hold Out Another Week as EU Aims to Wind Up Talks. The Greek government said it can survive another week without defaulting on the International Monetary Fund as European officials warned the window for accessing aid is closing. Show More Summary

G7: Greek crisis overshadows talks

Officials from the US, Germany, Japan, Britain, France, Italy and Canada are discussing Greece on the sidelines of the G7 gathering. ||| Dresden, Germany - The head of the International Monetary Fund warned that Greece could fall out...Show More Summary

Proven Reforms to Restrain Leviathan

Back in March, I shared a remarkable study from the International Monetary Fund which explained that spending caps are the only truly effective way to achieve good fiscal policy. And earlier this month, I discussed another good IMF study...Show More Summary

US Bailout of Greece to Rescue Western Alliance Mooted

A UK economist has told Sputnik that the US may offer to bail out Greece amid talks of the Mediterranean country's inability to pay back its debts to the EU and the International Monetary Fund (IMF).

Part of Greece's ruling Syriza party is ready to abandon the euro

The debate over whether Greece should exit from the euro, the common European currency, appears to be coming to a head. Next week, the country faces a deadline to repay the International Monetary Fund. If Greece can't reach a deal with European institutions to restructure or extend a portion of...

How Angela Merkel could become Greece's unlikely saviour

The potential for a Greek exit from the eurozone has probably never looked this real. The government is running out of cash and doesn't seem to have enough for its next International Monetary Fund payment. Missing a debt payment could...Show More Summary

Russia to Insist on World Bank, IMF Reforms During BRICS Summit

Russia will insist on reforms in the World Bank and the International Monetary Fund (IMF) during the BRICS summit in Ufa in July, Russian Deputy Foreign Minister Sergei Ryabkov said Tuesday.

The IMF Just Destroyed The Main Argument Against Clean Energy

Originally published on Energy Post by Karel Beckman A new report by the International Monetary Fund (IMF) finds that energy (fossil fuel) subsidies are “big and rising”. At the presentation of the report, Vitor Gaspar, Director Fiscal...Show More Summary

Greece Could Bundle Its Next IMF Payments to Buy Even More Time. But at What Cost?

As Greece roots around for cash to cover upcoming bills amid stalled bailout talks, one option it could consider is bundling next month's payments to the International Monetary Fund.

If talks fail, Grexit will be inevitable

Greece cannot make debt repayments to the International Monetary Fund next month unless it achieved a deal with creditors, its interior minister said yesterday. ||| Reuters Athens/London GREECE cannot make debt repayments to the International...Show More Summary

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