LONDON (AP) — Forgiving debt, if done right, can get an economy back on its feet. The International Monetary Fund certainly thinks so, according to a new report in which it argues Greece should get help. But Germany, another major creditor to Greece, is resisting, even though it knows better than most what debt relief can achieve. Show More Summary
The International Monetary Fund issued a stark warning to Greece ahead of the referendum this weekend. ||| Athens/Washington - The International Monetary Fund delivered a stark warning on Thursday of the huge financial hole facing Greece as angry and uncertain voters prepare for a referendum that could decide their country's future in Europe. Show More Summary
ATHENS/WASHINGTON (Reuters) - The International Monetary Fund delivered a stark warning on Thursday of the huge financial hole facing Greece as angry and uncertain voters prepare for a referendum that could decide their country's future in Europe.
ATHENS/WASHINGTON (Reuters) - The International Monetary Fund delivered a stark warning on Thursday of the huge financial hole facing Greece as angry and uncertain voters prepare for a referendum that could decide their country's future...Show More Summary
Richard Drew/AP By Sinead Carew NEW YORK -- Stocks closed slightly lower Thursday after the International Monetary Fund warned Greece ahead of its Sunday referendum that it faces a huge financial hole and mixed jobs data dampened the U.S. Show More Summary
William Murphy / (CC BY-SA 2.0) The International Monetary Fund—a member of the “troika” of financial organizations currently demanding austerity from Greece—“electrified the referendum debate in Greece after it conceded that the crisis-ridden...Show More Summary
Greece failed to meet a deadline to repay a debt of 1.6 billion euros to the International Monetary Fund on Tuesday, the same day that the cash-strapped country's years-long bailout program came to an end. Greece's failure to make the...Show More Summary
A tense standoff between the Greek government and its international creditors reached a breaking point this week. On Tuesday, Greece became the first developed country ever to miss a debt repayment to the International Monetary Fund....Show More Summary
Greece's ruling Syriza party just got a huge boost for their campaign to get Greeks to reject current bailout proposals in Sunday's referendum. The International Monetary Fund (IMF), one of Greece's three main creditors, admitted Thursday that Greece's debts need restructuring. Show More Summary
The International Monetary Fund warned that Greece could need an extension of its European Union loans. ||| The International Monetary Fund warned on Thursday that Greece would need an extension of its European Union loans and a large debt writeoff if it grows more slowly than expected and economic reforms are not implemented. Show More Summary
What would a third bailout for Greece look like? The International Monetary Fund has provided the first public insight into how much it could cost, and it will be expensive. According to IMF estimates, over the next three years, Greece will need €52bn in new bailout financing. That is close to an estimate we came up with in February. Show More Summary
The International Monetary Fund (IMF) has recently called on Ukraine and its creditors to continue negotiations on the country's debt, but the editor-in-chief of the business and finance media company thinks that Kiev should instead concentrate on “fixing what is absolutely, chronically broken economy” and launch immediate reforms.
In 2013, Alexis Tsipras--then a contender to be Greece’s next prime minister--sought to reassure eurozone creditors, the U.S. and the International Monetary Fund he wouldn’t lead the country out of the eurozone.
With the failure of the Greek government to make a scheduled payment to the International Monetary Fund (IMF), we have moved from high drama to low farce. The Marxists who are running the show in Athens have scored a first: Greece is the first so-called advanced economy to miss an IMF payment in the Fund's 71-year history. It was all so predictable. Show More Summary
Sen. Bernie Sanders (I-Vt.) attacked the International Monetary Fund and European authorities on Wednesday for imposing what he called excessive austerity measures on Greece in negotiations over the country’s debt payments. “It is unacceptable...Show More Summary
It hasn’t exactly been a quiet week in the world’s debt markets. Not only has Greece defaulted on a loan from the International Monetary Fund but on Monday Puerto Rico’s governor, Alejandro Padilla, announced that the island’s seventy-two-billion-dollar...Show More Summary
WASHINGTON (Reuters) - The head of the International Monetary Fund on Wednesday suggested that Greece should move to reform its economy before its European creditors give it a break on its debt. In an interview with Reuters, IMF Managing...Show More Summary
Apparently the Greek prime minister is blinking: In a letter sent on Tuesday to the creditors — the European Central Bank, the International Monetary Fund and other eurozone countries — Mr. Tsipras said Greece was “prepared to accept”...Show More Summary
James M. Roberts Economics, Europe RIP European Union? Its failure to make a €1.73 billion euro payment to the International Monetary Fund by June 30 makes Greece the first developed country in history to default to the IMF. It could...Show More Summary
By EconMatters Greece missed a payment to the The International Monetary Fund (IMF) of about 1.5 billion euros, or $1.7 billion, on Tuesday which officially put the country in the ranks of Sudan, Somalia and Zimbabwe. Although the IMF...Show More Summary