
A French court has ordered Christine Lagarde, the head of the International Monetary Fund (IMF), to face trial over her role in a payout of some 400 million euros ($434 million) to businessman Bernard Tapie, her lawyer said on Thursday.
by Reuters17 Dec 2015, 9:00 AM PST0

IMF funds are no longer necessary for an international bailout of Greece due to reduced loan requirements and the Washington-based lender’s “unconstructive” position, the country’s prime minister argued Monday. “I have the impression that IMF funding is not necessary” for
by AFP8 Dec 2015, 1:40 AM PST0

In approving the Chinese yuan as a 10.92 percent participant as a reserve currency in the global basket, the International Monetary Fund (IMF) warned that China’s inclusion could push up interest rates.
by Chriss W. Street1 Dec 2015, 5:31 AM PST0

The first political shock following the Paris bombings is the Argentine presidential election of conservative Mauricio Macri over the Peronist/Marxist ruling regime.
by Chriss W. Street23 Nov 2015, 4:56 AM PST0

The IMF just confirmed Breitbart News’ October 5 warning that Saudi Arabia’s cash reserves are in free-fall, with a new estimate that the world’s richest kingdom may be bankrupt by 2020.
by Chriss W. Street22 Oct 2015, 3:00 AM PST0

Contents: Russia dramatically escalates Syria war launching cruise missiles from Caspian Sea; Russian Orthodox Church declares a ‘Holy War’ in Syria; Russia’s ‘Holy War’ in Syria declaration sparks calls for jihad; IMF warns of significant danger of global financial crash
by John J. Xenakis8 Oct 2015, 6:09 AM PST0

HELSINKI (Reuters) – Greece will be a headache for the euro zone for decades, Finland’s eurosceptic foreign minister said, and called for the International Monetary Fund to participate in the Greece’s new bailout package. “Unfortunately, this problem will be in
by Reuters18 Aug 2015, 5:59 AM PST0

The Greek stock market was shut down five weeks ago, as the nation spiraled into an economic and political crisis, facing its final debt showdown with European creditors. The market just concluded its first day of trading since the shutdown, and the outlook is grim: the market lost 16.2 percent of its value on the first day back in business.
by John Hayward5 Aug 2015, 6:41 PM PST0

BRUSSELS/FRANKFURT, July 27 (Reuters) – The International Monetary Fund warned on Monday that the euro zone’s prospects were modest and that more money printing than planned may be needed. Contrasting the IMF’s relative gloom, however, German think tank Ifo reported improving
by Reuters27 Jul 2015, 9:54 AM PST0

Contents: Burundi’s president Nkurunziza continues to provoke Hutu-Tutsi tensions; Greece’s Tsipras lashes out at his own party as new vote approaches; Where will Greece’s 86 billion euro bailout come from?
by John J. Xenakis22 Jul 2015, 4:00 AM PST0

Contents: China reacts harshly to Japan’s plans for ‘collective self-defense'; European officials prepare to negotiate Greece’s next bailout
by John J. Xenakis18 Jul 2015, 7:41 AM PST0

Despite endless promises to the contrary, British money will be used to help rescue Greece in a bid to keep the Euro currency alive. Almost £850 million of British taxpayers’ money is to be handed over after Brussels decided that a
by Donna Rachel Edmunds17 Jul 2015, 7:09 AM PST0

Contents: ISIS-linked terrorists sink Egyptian navy ship; Attack on Egypt’s navy boat comes amid plans for Suez Canal expansion; Both Greece and Germany in political disarray after IMF bailout statement
by John J. Xenakis17 Jul 2015, 4:00 AM PST0

Police faced massive riots in Greece on Wednesday night as Parliament accepted the terms of a debt deal significantly more stringent than that rejected via referendum on July 5. Mass arrests of nationals from Australia, Ukraine, France, and Italy– but not Greece– occurred.
by Mary Chastain16 Jul 2015, 7:08 AM PST0

Contents: Greece approves harsh reforms as IMF throws Europe under the bus; Japan’s Shinzo Abe pushes ‘collective defense’ bill for vote; Mexico’s first ‘historic’ attempt to re-privatize oil industry flops
by John J. Xenakis16 Jul 2015, 4:00 AM PST0

There has been trouble brewing between the International Monetary Fund and the European Union about the vast debts Greece owes to both of them, but rhetorical shots were finally fired on Wednesday, as the IMF offered stiff criticism of the EU’s bailout deal with Greece.
by John Hayward15 Jul 2015, 8:53 PM PST0

Following a referendum in which the Greek people largely rejected a debt deal with the EU and IMF requiring further austerity measures, Greek Prime Minister Alexis Tsipras has been cornered into selling the Greek Parliament an agreement even stricter than the one the referendum rejected. In doing so, he faces the herculean challenge of proving his new demand is not a complete about-face for him or his leftist party.
by Frances Martel15 Jul 2015, 8:32 AM PST0

A leaked IMF study of the Greek debt crisis, ignored by creditors at the weekend, warns Greece may need a 30 year moratorium to pay off European debt, including new loans, and a dramatic extension on the maturity of its debts. The
by Sarkis Zeronian15 Jul 2015, 6:02 AM PST0

Mayor of London Boris Johnson has described the German proposals for a deal with Greece as “tyrannical”, and has advised the Greek people to “rediscover the spirit of Marathon” and exit the euro. Eurozone leaders argued long into the night
by Donna Rachel Edmunds13 Jul 2015, 4:23 AM PST0

As the ruling Coalition of the Radical Left (Syriza) vocally demands the Greek people vote “no” on a referendum regarding European Union debt repayment terms on Sunday, an unlikely voice has emerged representing the opposition “yes” vote, interpreted as a vote in favor of keeping the Euro as currency and remaining in the Euro: electro-pop megastar Sakis Rouvas.
by Frances Martel4 Jul 2015, 4:34 PM PST0

Contents: Greece heads for further chaos with referendum on Sunday; IMF report on Greece raising concerns about IMF’s credibility; China hunts for ‘stock manipulators’ as market crashes
by John J. Xenakis4 Jul 2015, 4:00 AM PST0

Greek Finance Minister, Yanis Varoufakis, earlier told Bloomberg TV “I prefer to cut my arm off” than sign up to a proposal that didn’t include restructuring his country’s debt. As luck would have it the International Monetary Fund (IMF) looks like it sympathises
by Sarkis Zeronian2 Jul 2015, 11:20 AM PST0

Contents: France reverses policy, will sell advanced defense weapons to Georgia; Greece joins Zimbabwe and Cuba in missing an IMF payment; Congress may enable bankruptcy courts for Puerto Rico; What were you doing last night at 23:59:60?
by John J. Xenakis1 Jul 2015, 6:07 AM PST0

It has been a difficult week for Greece, whose as-of-yet insurmountable debt to the European Union and International Monetary Fund continues unpaid and with little hope of preventing a default.
by Frances Martel30 Jun 2015, 8:30 PM PST0

LONDON, United Kingdom, 7.30pm – The stakes are high as at time of writing a last minute deal between Athens and its creditors still appears impossible to reach. In the absence of a deal before midnight Washington time, the country will default on the €1.6
by Sarkis Zeronian30 Jun 2015, 11:32 AM PST0