Greece wants to delay its payments to the IMF by six months June 16, 2015 Greece wants to delay paying the €1.55bn (£1.1bn) it owes the IMF by six months, according to a report in the German newspaper Bild. This wouldn't be the first time Greece has looked to put off paying creditors – it had originally said it would bundle its debts to the IMF rather than pay in [...]
Former IMF chief Dominique Strauss-Kahn acquitted of “aggravated pimping” charges June 12, 2015 Former head of the International Monetary Fund (IMF) chief Dominique Strauss-Kahn has been acquitted of "aggravated pimping" charges by a French court today. Read more: Prosecutor calls for pimping charges to be dropped against former IMF chief It brings to a close a four-year saga during which Strauss-Khan was accused of a procuring a number of prostitutes [...]
Euro sinks and Greek stocks plummet after IMF walkout June 12, 2015 Stocks in Athens were down almost four per cent in mid-morning trading, after negotiators from the International Monetary Fund (IMF) walked out of talks last night. Meanwhile, the euro fell more than half a cent against the dollar, to less than $1.12. Editor's letter: I'm finally convinced – a Grexit could really happen Markets across [...]
IMF pessimism on Greece cools hot day for markets June 11, 2015 A strong day for European markets came to an abrupt end yesterday as one of Greece’s creditors said there had been “no progress” in recent negotiations with the country. Greece is currently trying to secure a cash-for-reforms bailout deal to stave off bankruptcy. “We are well away from an agreement,” a spokesman for the International [...]
Greek crisis: IMF negotiating team gives up and goes home June 11, 2015 The International Monetary Fund (IMF) team responsible for negotiating a deal with leaders from Greece to unlock funds which will prevent it from defaulting are heading back to Washington, the organisation said today. In a statement released this afternoon, it said the team had left Brussels after "failing to make progress on a debt deal [...]
European markets tumble on Greek IMF payment delay June 5, 2015 European markets reacted badly to the news that Greece has been given the go-ahead to bundle a €300m (£220m) payment due to the International Monetary Fund (IMF) today into one large payment at the end of the month. Read more: Can only fiscal integration secure the Eurozone's future? The FTSE 100 was down 0.43 per cent [...]
Greece shocks IMF by holding back €300m June 4, 2015 The standoff between Greece and its creditors intensified last night when the embattled Mediterranean state refused to cough up €300m (£218m) owed to the International Monetary Fund (IMF). The payment, due today, is one of several instalments in June which Athens now says it will bundle into one transfer at the end of the month. [...]
Greece delays €300m IMF payment until the end of the month June 4, 2015 Greece has informed the International Monetary Fund (IMF) that it plans to bundle its June debt repayments into one payment of €1.5bn due on 30 June. Originally, the Greek government had a €300m payment to the IMF on Friday. However, Green has announced that it will bundle this, along three other payments, into one at [...]
IMF slashes US growth forecast June 4, 2015 The International Monetary Fund (IMF) has slashed its forecast for US growth in 2015 to 2.5 per cent, from its previous estimate of 3.1 per cent. Its forecast for growth in 2016 was cut to three per cent, from 3.1 per cent. The news comes after the US delivered its worst quarter in a year, [...]
European markets fall on Greece jitters ahead of IMF payment deadline June 4, 2015 European markets opened lower this morning after last-minute talks between European Commission President Jean-Claude Juncker, Eurogroup President Jeroen Dijsselbloem and Greek Prime Minister Alexis Tsipras failed to reach a conclusion ahead of a crucial deadline on Friday. The FTSE 100 was down 0.84 per cent in early morning trading, while Germany's Dax fell 0.68 per [...]