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Imf Bailout

What Will Save the Euro?

Harlan Green | Posted 07.06.2015 | Business
Harlan Green

Now that Greece has voted "no" on the latest proposal by the European Commission, the European Central Bank, and the International Monetary Fund (the so-called "troika"), will Greece stay in the eurozone? If so, Greece may save the euro.

Time For Change At The IMF

David Singh Grewal | Posted 07.05.2015 | Politics
David Singh Grewal

The Greek crisis has made it painfully clear that the International Monetary Fund (IMF) needs a change at the top -- and that the U.S. must use its privileged position as the IMF's biggest contributor to insist on it.

Greeks Are Just Trying to Stay Alive

Jeffrey Sachs | Posted 06.17.2015 | World
Jeffrey Sachs

PARIS -- Europe's demands -- ostensibly aimed at ensuring that Greece can service its foreign debt -- are petulant, naive and fundamentally self-destructive. In rejecting them, the Greeks are not playing games; they are trying to stay alive. The Greek government is right to have drawn the line. It has a responsibility to its citizens. The real choice, after all, lies not with Greece, but with Europe.

Greece Has Made Tough Choices. Now It's the IMF's Turn.

James K. Galbraith | Posted 06.17.2015 | World
James K. Galbraith

ATHENS -- The IMF and Greece's other creditors have assumed that massive fiscal contraction has only a temporary effect on economic activity, employment and taxes, and that slashing wages, pensions and public jobs has a magical effect on growth. This has proved false. Indeed, Greece's post-2010 adjustment led to economic disaster -- and the IMF's worst predictive failure ever.

Why Reform Will Fail in Greece

Theodoros Arapis | Posted 06.14.2015 | World
Theodoros Arapis

Five years into Greece's fiscal emergency, the Troika is justifiably skeptical about this week's make-or-break negotiations with Athens. Its leaders have heard these commitments before. For Syriza, this will be its most important test.

Greece and the Myth of Sisyphus!

Justine Frangouli-Argyris | Posted 05.06.2015 | Politics
Justine Frangouli-Argyris

Since 2010, Greece has been living the tragic myth of Sisyphus, the king in Greek mythology who tried to outsmart the Gods and was punished for his trickery by being forced to eternally roll a huge stone up a hill, only to watch it roll back down every time he would approach the top.

IMF Chief Expresses Optimism For Greece

HuffPost Live | Chris Branch | Posted 02.23.2015 | World

In a HuffPost Live interview Monday, IMF Chief Christine Lagarde told Arianna Huffington that she remains optimistic for Greece's economic future, as ...

IMF Admits 'Notable Failures'

AP | By MARJORIE OLSTER and DEREK GATOPOULOS | Posted 08.05.2013 | Business

WASHINGTON (AP) — The International Monetary Fund acknowledged on Wednesday that it made "notable failures" in the Greek bailout, underestimating ho...

Stealing Greece From the Greeks

Evaggelos Vallianatos | Posted 02.20.2013 | World
Evaggelos Vallianatos

Greece set the foundations of our civilization primarily because of her legacy of knowledge. Homer, Plato, Aristotle and Archimedes, and a galaxy of ...

IMF Delays Egypt Loan Amid Deepening Crisis

Reuters | Posted 02.10.2013 | World

CAIRO, Dec 11 (Reuters) - A vital $4.8 billion International Monetary Fund loan to Egypt will be delayed until next month, its finance minister said...

Euphoria In Greece As EU, IMF Agree To Release Loans

www.guardian.co.uk | Posted 11.28.2012 | World

After months of drama in the eurozone and its own solvency hanging by a thread, Greece reacted with euphoria on Tuesday at the news that international...

Ricardo Caballero: "Greece Is in Rehab"

Vaios Papanagnou | Posted 01.28.2013 | World
Vaios Papanagnou

"This was clear from the beginning, and it remains clear. It is up to Greece and its Europeans partners to decide how to structure and spread over time this default."

Corruption Takes Center Stage in Greek-Euro Crisis

Frank Vogl | Posted 12.30.2012 | World
Frank Vogl

It is a long way from the courtroom in Athens that hosts Costas Vaxevanis to the arena of high global finance that Merkel bestrides, but the connection highlights the depth, the intractability and the complexity of the European financial crisis.

IMF Agrees To Terms For Spending Huge Fund

Reuters | Posted 08.15.2012 | Business

WASHINGTON, June 15 (Reuters) - The International Monetary Fund agreed on Friday that it would only draw on the $430 billion in extra resources comm...

Why Tension Between World Leaders Is Mounting

Reuters | Posted 06.13.2012 | Business

By Lesley Wroughton WASHINGTON, April 13 (Reuters) - Tensions among some of the world's leading economies are on a boil over a plan to...

The Humiliating Cost of Progress in Greece

Thanos Dimadis | Posted 05.08.2012 | World
Thanos Dimadis

The Greek people should be afforded the security of knowing whether their country is on a steady path towards economic recovery. Nevertheless, no one is able to assure Greeks the crisis is averted.

Should Greece Get a Second Bailout?

Thanos Dimadis | Posted 03.25.2012 | World
Thanos Dimadis

Actually, I agree with the analysts who say that Greece does not not deserve a second bailout program from the EU, ECB and IMF. I would add, though, that Greece doesn't deserve it only if this program is to be created with the same failed recipe used before.

Official: Finance Ministers Can't Agree On Providing 200 Billion Euro Loan To IMF

AP | GABRIELE STEINHAUSER | Posted 02.18.2012 | Business

BRUSSELS — European Union finance ministers have come up euro50 billion ($65.19 billion) short of their goal of providing the International Mone...

Can China Save Europe?

Tom Devonshire | Posted 11.19.2011 | Business
Tom Devonshire

The Chinese could quite easily sort out Europe in one fell swoop. Why would China get involved in Europe's mess though? In short, it is not in China's interest for Europe to fail.

Saving Greece or Saving the Euro?

Azeem Ibrahim | Posted 09.10.2011 | World
Azeem Ibrahim

Perhaps it is time for the EU to not just swallow its pride and ask the IMF for help, but to take allow the weaker economies to secede from the Eurozone, releasing the others from their obligation to keep bailing them out.

The Challenge of Privatization and the Greek Debt

Thanos Dimadis | Posted 05.25.2011 | Business
Thanos Dimadis

Greece doesn't have a lot of time to put its messy fiscal house in order.

Will Papandreou Rescue Greek People From Social Bankruptcy?

Thanos Dimadis | Posted 05.25.2011 | Politics
Thanos Dimadis

What's now important for the Greek government is to provide people with evidence that their sacrifices are not in vain. And, furthermore, that people are paying for the crisis equally.

Simon Johnson Warns Ireland: Seek IMF Bailout Or Risk Bankruptcy

The Independent | Posted 05.25.2011 | Business

"For the sake of the Irish people, it's time to go to the IMF. If you go in now and if you go in with your partners, you will get a good deal. You may...

Debt Crisis and Threat of Bankruptcy Encourages Europe To Create Greater Economic Reform

AP | DANIEL WOOLLS and COLLEEN BARRY | Posted 05.25.2011 | Business

MADRID — In the ashes of Europe's debt crisis, some see the seeds of long-term hope. That's because the threat of bankruptcy is forcing governm...

Does Greece Have a Tea Party?

Ann Pettifor | Posted 05.25.2011 | Business
Ann Pettifor

While there have been protests and riots, it is not clear that Greece has the equivalent of a Boston Tea Party. Or, like Bostonians, that Greeks will join with others to fight for independence.