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Greece 'has no money' to meet IMF debt repayment

Greece warned Sunday it has no money to repay the International Monetary Fund on time in June unless a deal is reached with its creditors, in a stark warning that the country could be just days away from defaulting. Athens already had...Show More Summary

Greece Hasn't Got The Money To Make June IMF Repayment, Interior Minister Says

1 hour agoNews : Huffington Post

ATHENS/LONDON, May 24 (Reuters) - Greece cannot make debt repayments to the International Monetary Fund (IMF) next month unless it achieves a deal with creditors, its interior minister said on Sunday, the most explicit remarks yet from...Show More Summary

Report: Greece will not make June IMF Payment

From the WSJ: Greece Won’t Meet IMF Repayments in June, Interior Minister SaysGreece said Sunday that it won’t have the money it is due to repay to the International Monetary Fund next month unless it strikes a deal with international...Show More Summary

Unionization and Income Inequality

The Maoists at the International Monetary Fund are out with more evidence that lower unionization rates lead to greater income inequality. We examine the causes of the rise in inequality and focus on the relationship between labor market institutions and the distribution of incomes, by analyzing the experience of advanced economies since the early 1980s. […]

IMF chief Christine Lagarde is the fifth person today to slap down Greek hopes for a speedy bailout deal

Christine Lagarde became the fifth senior figure among Greece's creditors to throw cold water over the troubled country's chances of a speedy bailout deal on Friday. The International Monetary Fund (IMF) managing director said on a visit...Show More Summary

Fossil Fuels Subsidies Cost World $5.3 Trillion A Year – $10 Million A Minute

Originally published on RenewEconomy by Sophie Vorrath How large are global energy subsidies? The answer: quite a lot larger than we thought, according to new estimates from the International Monetary Fund, which puts the cost of subsidising fossil fuels at an enormous $5.3 trillion a year, or around $10 million a minute every day. Show More Summary

The IMF Just Destroyed the Best Argument Against Clean Energy

Eli Hinckley covers a a recent report published by the International Monetary Fund that has put a price on the direct and indirect subsidies that support fossil fuels as a counter argument to the renewables are “too expensive” messa...

Government Fossil Fuel Subsidies Total a ‘Shocking’ $5.3 Trillion

Dramatically higher than previously estimated, fossil fuel subsidies exceed what the world's governments spend on health care, according to the International Monetary Fund. What's more, they're likely to remain this high -- despite fossil fuels being the largest source of greenhouse gas emissions, the main culprit driving climate change.

Greece to default without bailout deal

Greece cannot make an upcoming payment to the International Monetary Fund (IMF) on June 5 unless foreign lenders disburse more aid, a senior ruling party lawmaker said yesterday. ||| Renee Maltezou and Angeliki Koutantou Athens GREECE...Show More Summary

The Fossil Fuel Industry Receives $10 Million Every Minute in Subsidies

4 days agoNews : Vice News

The International Monetary Fund says the $5.3 trillion in subsidies going to the fossil fuel industry this year is more than that spent globally on health care.

Portuguese Politicians Turn a Deaf Ear to IMF

Five months ahead of a general election, the Portuguese government and the main opposition Socialist Party can agree with one thing: the International Monetary Fund no longer has a say here

Putin is putting himself on a collision course with the IMF over Ukraine

President Vladimir Putin is warning that he could call in Russia's $3 billion loan to Ukraine at any time, a move that would spark a stand-off with the International Monetary Fund (IMF). Under the terms of the original 2013 deal, negotiated...Show More Summary

The Greek government just admitted it won't make the next IMF payment without a bailout deal

It looks like the Greek government will miss its next big payment to the International Monetary Fund (IMF) without a bailout deal — a move that would push Greece into technical default. Greece is due to make a €305 million ($339.07 million,...Show More Summary

Athens official warns on IMF payment

Greece won’t be able to make a payment to the IMF due on June 5 without a deal with its international lenders, according to a lawmaker. ||| Athens - Greece will not be able to make a payment to the International Monetary Fund that falls...Show More Summary

Lagarde sees progress in Greece talks

IMF boss Christine Lagarde has expressed hope for a resolution in negotiations with Athens. ||| London - The head of the International Monetary Fund, Christine Lagarde, became the latest participant in the gruelling Greek economic stand-off to sound an optimistic note on Tuesday about the prospects of a resolution. Show More Summary

India’s Central Bank Chief Wants More Central-Bank Coordination

Reserve Bank of India governor Raghuram Rajan said global financial institutions like the International Monetary Fund need to do a better job at mediating between the policies pursued by the world's major central banks. Gov. Rajan said...Show More Summary

10 things you need to know before the opening bell (DIA, SPY, SPX, QQQ, PBR)

Before markets open to start the week, here's what you need to know. Greece's end game is near. Greek newspaper Kathimerini reports Prime Minister Alex Tsipras wrote International Monetary Fund Managing Director Christine Legarde toShow More Summary

The 'endgame' is here as Greece gets crunched on two fronts

Two cash crises are about to come to a head in Greece, with signals that both the financial system and the public coffers are about to run dry. Athens barely made its latest payment to the International Monetary Fund (IMF), and onlyShow More Summary

Guest Post: Why Syriza Will Blink

Authored by Anatole Kaletsy, originally posted at Project Syndicate, Once again, Greece seems to have slipped the financial noose. By drawing on its holdings in an International Monetary Fund reserve account, it was able to repay €750 million ($851 million) – ironically to the IMF itself – just as the payment was falling due. Show More Summary

It Begins... Greece Demands An Emergency Meeting!

As expected, Greece was able to make the 750M EUR payment to the International Monetary Fund last Tuesday but in order to get its hands on the cash, the country had to force all of its public service departments to fork over the remaining cash they had left. Show More Summary

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