Search Results for: International Monetary Fund
Greek PM Tsipras in Brussels as clock ticks on EU bailout (Video)
February 12th, 2015
Greece‘s radical new prime minister Alexis Tsipras was in Brussels on Thursday to lay out his case for more financial help to fellow EU leaders following finance ministers’ failure to narrow differences overnight. The summit chairman, conservative former Polish ...
Statement by IMF Managing Director Christine Lagarde on Ukraine
February 12th, 2015
Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today in Brussels, Belgium: “I am pleased to announce that the IMF team working in Kiev has reached a staff-level agreement with the Ukrainian ...
Eurogroup: Points of agreement and discord
February 11th, 2015
All eyes are on the Eurogroup meeting that kicks of at 7 p.m. on Wednesday with EU partners waiting with baited breath to see how the chips will fall The Eurogroup meeting in Brussels on Wednesday has been dubbed ...
Varoufakis looking for plan to bridge gap after Schaeuble talks
February 6th, 2015
Greek Finance Minister Yanis Varoufakis pledged on Thursday to present to the next Eurogroup a roadmap that will show how Greece could transition from its current bailout to a new agreement, which he believes can be agreed by the ...
Markets mixed as oil plunge resumes
February 5th, 2015
US stocks pulled back on Wednesday on the backdrop of resumed slide in oil prices and news that European Central Bank will no longer accept Greek bonds as collateral. Energy, utilities and health-care stocks led the losses, with six ...
Merkel Says Greek Diplomatic Offensive Is Failing
February 5th, 2015
German Chancellor Angela Merkel indicated that a diplomatic offensive by newly elected Greek Prime Minister Alexis Tsipras to ease his nation’s bailout-aid requirements is failing to win over converts. “I don’t think that the positions of the member states ...
Greece finance minister reveals plan to end debt stand-off
February 3rd, 2015
Greece’s radical new government revealed proposals on Monday for ending the confrontation with its creditors by swapping outstanding debt for new growth-linked bonds, running a permanent budget surplus and targeting wealthy tax-evaders. Yanis Varoufakis, the new finance minister, outlined ...
Greeks fly in for debt showdown
February 2nd, 2015
The anti-austerity Greek finance minister is to meet with chancellor George Osborne today as part of a Europe-wide charm offensive to win over creditors and fellow politicians. Investment bank Lazard has been hired by the Greek government to advise ...
Greek finance minister: ‘End the vicious cycle’
January 28th, 2015
Greece‘ s newly elected government will look to “end the vicious cycle” of bailout and borrowing that has persisted through years of financial crisis, Finance Minister Yanis Varoufakis told CNBC on Tuesday. Varoufakis is a member of the Cabinet ...
Greece will not default on bailout debts – PM Tsipras
January 28th, 2015
New Greek PM Alexis Tsipras says his country will not default on its debts. Addressing his first cabinet meeting since being elected on Sunday, the left-wing Syriza party leader said he would negotiate with creditors over the €240bn (£179bn; ...
