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When Greece Forgave Germany's Debt

12 minutes agoNews : Huffington Post

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

IMF warns Greece of financial hole

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

IMF warns of huge financial hole as Greek vote looms

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.

IMF Warns of Financial Crisis Facing Greece as Country Prepares to Vote in EU Referendum

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

Market Wrap: Stocks Slip on Greece Worries, Tepid Job Data

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

Breaking With Europe, IMF Calls Greece’s Debt Program ‘Unsustainable’

7 hours agoNews : Truthdig

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

Live Updates On The Crisis In Greece

9 hours agoNews : Huffington Post

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

These Economists Are Calling For An End To Greece's Austerity Nightmare

9 hours agoNews : Huffington Post

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

The Greek government just got a huge referendum boost

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

IMF warns Greece needs debt extension

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

IMF: 3rd Greek bailout would cost €52bn. Or more?

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

Kiev Should Fix Its 'Chronically Broken Economy' Instead of Any Debt Talks

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.

Greece’s Prime Minister May Be About to Do Exactly What He Said He Wouldn’t

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.

Greek Marxists vs. the IMF

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

Bernie Sanders Blasts Greece's Creditors

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

Why Congress Should Let Puerto Rico Declare Bankruptcy

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

IMF's Lagarde says Greece must reform before getting debt relief

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

Greece Is Just a Few Days Away From Unconditional Surrender to Germany

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

Greece: The First Developed Country in History to Default to the IMF

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

Charting Greek Referendum Path

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

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