Greek shares drop despite pledge to keep paying IMF May 25, 2015 Stocks in Athens sank three per cent yesterday despite the government reiterating that it would meet its intention to pay its creditors on time. The euro also sank to a one-month low against the dollar, trading at $1.097 last night. At the weekend one of the country’s ministers claimed that Greece would refuse to – [...]
Greece has no money to pay the IMF this June, says interior minister Nikos Voutsis May 24, 2015 Greece’s interior minister has said that the country cannot afford its 5 June payment to the International Monetary Fund. Greece owes the IMF €1.6bn (£1.1bn) in June, but Nikos Voutsis said on Greek TV that Athens simply doesn’t have the money to pay: The four instalments for the IMF in June are €1.6bn, this money [...]
Greece will not pay IMF in June without a deal May 20, 2015 A Greek official has warned the country will go bankrupt on 5 June, when a €300m (£214m) payment to the International Monetary Fund is due, if a deal on extra bailout cash is not wrapped up by then. “Now is the moment that negotiations are coming to a head. Now is the moment of truth, [...]
IMF raises Italy growth forecast May 18, 2015 The International Monetary Fund (IMF) has raised its forecast for Italy's growth to 0.7 per cent this year, up from 0.5 per cent. The organisation said Italy was "emerging slowly from a painful recession", but had been buoyed by the European Central Bank's (ECB) quantitative easing programme. "Government bond yields have fallen to pre-crisis lows, [...]
Markets hit as Greece letter shows just how close it came to defaulting on a €750m IMF payment May 18, 2015 The FTSE 100 started the day on a positive note, edging back above the 7,000 mark – but that was quickly curtailed, after the publication of a letter from Greek prime minister Alexis Tsipras to International Monetary Fund (IMF) chief Christine Lagarde showed just how close it came to defaulting on a €750m (£544m) payment [...]
Greece raided reserves at IMF to meet debt repayment deadline May 12, 2015 Greece had to raid emergency reserves in its holding account at creditor the International Monetary Fund (IMF) in order to meet the deadline for its sizeable €750m (£544m) repayment. An official told Reuters the cash-strapped country had been forced to tap into around €650m (£467m) from its holding account with the organisation. "We made use [...]
Greece beats deadline for €750m loan repayment to IMF May 11, 2015 Some expected Greece to default on it's latest debt repayment, but it has proved them wrong. Today, following extensive discussions with creditor nations on the struggling economy's future in the Eurozone, a transfer of €750m (£544m) was made from Greece to the IMF, beating tomorrow's deadline for the payment. It is not clear how [...]
Could Greece ever pay off all its debt? Tomorrow’s IMF repayment is just the tip of the iceberg May 11, 2015 Eurozone ministers have once again gathered in Brussels to try and negotiate a deal between Greece and its creditors, but a big question mark hangs over whether the struggling nation could realistically remain in the Euro. Tomorrow, it must fork out a €750m (£544m) loan repayment for the IMF, but this is just the start [...]
IMF boss Christine Lagarde: The world needs more women with top jobs in finance May 6, 2015 The bad culture in banking is still not fixed, and more women at the top of the industry could help, International Monetary Fund boss Christine Lagarde said yesterday. “Several studies have shown that female leadership is more inclusive,” she told an audience in Washington DC. “You may be familiar with a question I have posed in the [...]
European markets shrug off jitters over Greece as IMF pushes for debt relief May 5, 2015 European markets kept calm this morning, despite more jitters as the Greek government entered yet another round of talks with its creditors. The FTSE 100 rose 0.43 per cent in mid-morning trading, suggesting market uncertainty over the election is muted, while Germany's Dax fell 0.23 per cent and France's Cac edged down 0.03 per cent. [...]