International Monetary Fund

IMF Chief, Who Doesn't Pay Taxes, Slams Greeks For Not Paying Taxes

The Huffington Post | Alexander Eichler | Posted 05.30.2012

Read More: European Debt Crisis, Video, Greece, International Monetary Fund, Greece Debt Crisis, Christine Lagarde, Imf, Greece Tax Evasion, Greek Debt Crisis, Christine Lagarde Imf, Christine Lagarde Taxes, Business News

IMF chief Christine Lagarde wants the people of Greece to pay their taxes. The problem? She doesn't really pay taxes herself. Last Friday, The Gua...

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New ILO Leadership Could Push For Better Economic Policies

Mark Weisbrot | Posted 05.29.2012

Read More: Ilo, United Nations, International Labor Organization, European Commission, International Monetary Fund, Imf, Eurozone Debt Crisis, European Central Bank, World News
Mark Weisbrot

Since Europe has by far the largest banking system in the world, the eurozone crisis is also a significant drag on growth and employment throughout most of the world, and could easily do more damage if it is not resolved.

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Lagarde Has Little Sympathy For Greeks

AP | MEERA SELVA | Posted 05.26.2012

Read More: Video, Greece Crisis, Greece, International Monetary Fund, Greece Debt Crisis, Greece Economy, IMF Chief Christine Lagarde, Christine Lagarde Greece, Business News

LONDON -- International Monetary Fund chief Christine Lagarde says she has more sympathy for poor African children than Greeks suffering under the cou...

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Barney Frank: JPMorgan's 'Leave Us Alone' Argument Has Blown Up

AP | DANIEL WAGNER | Posted 05.14.2012

Read More: Securities Industry and Financial Markets Association, Financial Industry, Meet the Press, International Monetary Fund, Standard & Poor's, Financial Markets Association, Jamie Dimon, JPMorgan Chase, Goldman Sachs, Video, Morgan Stanley, Wall Street, Securities and Exchange Commission, Carl Levin, Citigroup, Nbc, Business News

WASHINGTON -- JPMorgan Chase faces intense criticism for claiming that a surprise $2 billion loss by one of its trading groups was the result of a slo...

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Greek Joblessness Hits Record High

Reuters | Posted 05.11.2012

Read More: Video, Unemployment, Elstat, Unemployment Rate, Bailout, Athens, International Monetary Fund, Reuters, Syriza, Jobs, Jobless, Greek Debt Crisis, Eu, Business News

* Unemployment hits record 21.7 pct in February * Nearly 1.1 million out of a job, most in big cities * Some 54 pct of y...

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Why Tension Between World Leaders Is Mounting

Reuters | Posted 04.15.2012

Read More: European Debt Crisis, Video, Imf Plan New Funds, International Monetary Fund, IMF Funding, Reuters, Business News, IMF Bailout, Imf, Euro Crisis, IMF Greece, Business News

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

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Greek PM: More 'Financial Support May Be Necessary'

Reuters | Posted 05.30.2012

Read More: Video, Bailout, International Monetary Fund, Reuters, Il Sole 24 Ore, Greece Debt Crisis, European Union, Euro Zone, Prime Minister Lucas Papademos, Imf, Eu, Austerity, Business News

MILAN, March 30 (Reuters) - Prime Minister Lucas Papademos said on Friday Greece may need a third bailout package if the sweeping au...

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Wave Of Protests Hits Greek Hospitals

AP | Posted 05.21.2012

Read More: Pasok, Strike, Eurozone, Video, Bailout, Work Stoppages, Evangelos Venizelos, International Monetary Fund, Hospital Services, Greece Debt Crisis, Rescue Loans, Prime Minister Lucas Papademos, Austerity Measures, Business News

ATHENS, Greece — Greece is already managing to beat some of its deficit-reduction targets, as figures released Wednesday show that its central b...

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Israel: Palestinian Economy Not Ready For Statehhood

AP | Posted 03.18.2012

Read More: Palestine, Video, Palestinian Statehood, International Monetary Fund, World Bank, European Union, Palestine Economy, Imf, Palestinian Statehood Bid, Israel, World News

JERUSALEM -- An Israeli government report says the Palestinian Authority is not economically stable enough for statehood. The report is set to be pre...

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Choosing the Next President of the World Bank

Patrick Sharma | Posted 05.14.2012

Read More: Hillary Clinton, Jeffrey Sachs, Luiz Inacio Lula Da Silva, Development, Indra Nooyi, International Monetary Fund, World Bank, World Bank President, Business News
Patrick Sharma

Robert Zoellick's recent announcement that he will step down as president of the World Bank in June has cast new light on an old problem: who should lead the Bank and how should he or she be chosen?

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Greece Needs To Keep Slashing Its Budget

Reuters | Posted 05.13.2012

Read More: Greece Budget, Greek Debt, Video, Greece Austerity Measures, Greek-Debt-Deal, International Monetary Fund, Greece Debt Crisis, Reuters, Business News, European Union, Greece Austerity Protests, Greece Budget Cuts, Greek Debt Crisis, Greece Austerity, Business News

By Jan Strupczewski BRUSSELS, March 13 (Reuters) - Greece will have to slash a further 5.5 percent of GDP in government spending in 2...

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Greek Official: 'This Is The Only Way To Keep The Country On Its Feet'

Reuters | Posted 05.09.2012

Read More: Finance Minister Evangelos Venizelos, Interest Rates, Bond Swap, Video, Bailout, Athens, International Monetary Fund, Greece Debt Crisis, Reuters, Cds, European Economic and Monetary Affairs Commissioner, Euro Zone, European Union, Business News

* Around 86 pct of Greek law bonds submitted for swap * Some reluctant creditors to be forced to accept deal * New bonds...

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There's A Threat To The Global Economy 'Right In Front Of Us'

Reuters | Posted 04.25.2012

Read More: European Debt Crisis, David Lipton, Video, Policymakers, U.S. Treasury Secretary Timothy Geithner, Strait of Hormuz, Reuters, Oil Prices, Oil, European Union, International Monetary Fund, Secretary-General of the Organisation for Economic Co-Operation and Development, Iraq, g20, Oecd, Business News

MEXICO CITY, Feb 24 (Reuters) - The International Monetary Fund flagged higher oil prices as a rising threat to the global economy on Friday, urging...

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DSK Questioned By Police

AP | GREG KELLER | Posted 04.22.2012

Read More: Prostitution, Dominique Strauss-Kahn, Carlton Affair, Crime, International Monetary Fund, Dsk, Imf, Henri Leclerc, Tristane Banon, World News

PARIS — French police questioned former International Monetary Fund chief Dominique Strauss-Kahn all day Tuesday in a probe into a suspected hot...

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The World's Most Indebted Countries

24/7 Wall St. | Michael Sauter, Charles Stockdale, Ashley Allen | Posted 02.15.2012

Read More: Debt, European Commission, Bailout, International Monetary Fund, Standard & Poor's, Moody?S, Greek Debt Crisis, Greek Government, European Central Bank, Austerity, Business News

From 24/7 Wall St.: The Greek government on Sunday agreed to drastic austerity measures in the hopes of securing a 130 billion euro bailout from inter...

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The Impact of the Gloomier Global Outlook on Latin America

Nicolás Eyzaguirre | Posted 04.14.2012

Read More: Latin America, International Monetary Fund, Economic Crisis, Financial Crisis, United States, Imf, Economic Recovery, Europe, Business News
Nicolás Eyzaguirre

But let me emphasize, the outlook for the region hinges on policy action in Europe. Policymakers there need to intensify their efforts to contain the crisis, and put an end to the rise in sovereign spreads and the cutback in bank lending that threaten the global economy in 2012.

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EU Demands More From Greece Bailout Deal

Reuters | Posted 04.10.2012

Read More: Eurozone, Video, International Monetary Fund, Reuters, EU Bailout, Christine Lagarde, Imf, Eurogroup, Eu, Jean-Claude Juncker, ECB President Mario Draghi, New Democracy Party, Greek Finance Minister Evangelos Venizelos, Business News

* Greece says has deal with creditors, party leaders * Euro zone ministers demand action before more aid * Want parliame...

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Greece Faces 'Crucial Decisions' Between More Austerity Or Default

AP | DEREK GATOPOULOS and DEMETRIS NELLAS | Posted 04.09.2012

Read More: European Debt Crisis, Video, Bankruptcy, Bailout, German Chancellor Angela Merkel, International Monetary Fund, European Union, Prime Minister Lucas Papademos, International Finance, Greek Debt Crisis, Austerity Measures, European Central Bank, Troika, Austerity, Business News

ATHENS, Greece — A crucial meeting between Greece's Prime Minister and debt inspectors on averting default and a possible exit from the euro end...

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Greece's Leaders Seek Bailout Deal Amid Greek Strike, Protests

AP | DEREK GATOPOULOS and GABRIELE STEINHAUSER | Posted 04.08.2012

Read More: Eurozone, Video, Bankruptcy, Bailout, Athens, International Monetary Fund, Prime Minister Lucas Papademos, Greek Debt Crisis, Austerity Measures, European Central Bank, Austerity, Troika, Business News

ATHENS, Greece — Greece's private creditors signaled progress late Tuesday on a debt-relief deal but crucial talks between Greek coalition leade...

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IMF Chief Economist: Greece Haircut Will Be 'Very Large'

Reuters | Posted 04.07.2012

Read More: European Debt Crisis, Video, Greek Debt, International Monetary Fund, Oliver Blanchard Imf, Greece Debt Crisis, Reuters, Business News, Oliver Blanchard, Imf, Greek Default, Greece Haircut, Business News

WASHINGTON, Feb 6 (Reuters) - The IMF's chief economist, Olivier Blanchard, said on Monday it looks like the 'haircut' on Greek private debt will be...

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Greece Misses Another Deadline In Bailout Deal Talks

Reuters | Posted 04.07.2012

Read More: European Debt Crisis, Video, PASOK Socialist Party, Bailout, International Monetary Fund, Reuters, Euro Zone, Prime Minister Lucas Papademos, Eurogroup, Greek Debt Crisis, Euro Working Group, Austerity, Business News

* Greek leaders baulking at pay and spending cuts * Merkel says time is of the essence * Paperwork snag delays party tal...

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Romanian Prime Minister Announces Resignations

AP | ALISON MUTLER | Posted 04.07.2012

Read More: European Union, Emil Boc, Romania Emil Boc, International Monetary Fund, Crin Antonescu, Romania, World News

BUCHAREST, Romania — Romania's government has collapsed following weeks of protests against austerity measures, the latest debt-stricken governm...

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Refusal To Cute Wages Complicates Greek Bailout Deal

AP | ELENA BECATOROS and DEREK GATOPOULOS | Posted 04.04.2012

Read More: European Debt Crisis, Minimum Wage, Video, Greece, Bailout, Private Sector Involvement, International Monetary Fund, Wage Cuts, Prime Minister Lucas Papademos, Austerity Measures, Greek Debt Crisis, European Central Bank, Austerity, Business News

ATHENS, Greece — "Crucial" issues remain to be resolved in Greece's critical negotiations over a second multibillion euro international bailout,...

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Despite Huge Bailout, Greece Still Short On Funds

AP | By GABRIELE STEINHAUSER | Posted 04.03.2012

Read More: European Debt Crisis, Eurozone, Video, Euro Bonds, International Monetary Fund, Greece Debt Crisis, European Union, Caisse De Depots, European Central Bank, Business News

ATHENS, Greece — Greece's Finance Minister says the European Central Bank and national central banks should be part of a debt relief deal with t...

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Creditors Would Face Huge Loss In Greek Debt Deal

AP | GABRIELE STEINHAUSER and ELENA BECATOROS | Posted 03.31.2012

Read More: European Debt Crisis, Video, Eurozone, Bailout, International Monetary Fund, Bonds, Eurobank, Greece Debt Crisis, European Union, Alpha Bank, Business News

BRUSSELS — Investors participating in a deal to slash Greece's massive debt would face an overall loss on their bond holdings of more than 70 pe...

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