The IMF Published This Cryptic Statement On Greece Following Yesterday’s Der Spiegel Bombshell

  The IMF has said that it will meet with Greek officials later this week to get the country’s economic program “back on track.” This statement comes in the wake of yesterday’s bombshell Der Spiegel article alleging that the IMF will not

This Ex-IMF Economist Probably Won’t Be Asking Christine Lagarde For A Recommendation

  flickr / MEDEF Christine Lagarde “After twenty years of service, I am ashamed to have had any association with the Fund at all,” wrote Peter Doyle an ex-economist for the International Monetary Fund.   The line comes from a letter that

Yannis Stournaras, financ…

Yannis Stournaras, finance minister, said the governing coalition would have to accelerate reforms before asking for modifications in a €174bn programme agreed in February with the European Union and the International Monetary Fund.

Greece Gives Up Immediate Plan For Getting New Bailout Terms

ECB representative tells Athens to focus on reforms

Greece would benefit more from speeding up structural reforms than spending time right now on renegotiating its bailout deal with its lenders, European Central Bank executive board member Joerg Asmussen told The Economist Conference in Athens on Monday. “The first

The EU Summit To Save The Euro Has Already Failed

Sean Gallup/Getty Images During the two-day EU summit on June 28 and 29, all eyes will be breathlessly riveted on German Chancellor Angela Merkel—with one question on all lips: will she blink? Because nothing less than the future of the

IMF May Consider Greek Loan Changes After Visit Next Week

An International Monetary Fund team will start negotiations on potential changes to an international loan to Greece after a fact-finding team travels to Athens “early next week,” a fund spokesman said. Next week’s mission, which includes officials from the European

Everything You Need To Know About The EU Summit Happening Today

AP Images All eyes are on the latest EU summit taking place in Brussels starting today, after weeks of speculation about the distance new measures could go towards repairing the fundamental flaws of the eurozone. Expectations that we’ll see major

LIVE: IMF Says Greek Loan Package Could Be Changed

(Photo by Andreas Rentz/Getty Images) 27 European Union leaders are meeting in Brussels today for their latest summit. Investors wait with baited breath to see whether EU leaders will finally take bigger steps towards fiscal union by enacting some burden-sharing

Systemic Banking Crises Database: An Update

Systemic Banking Crises Database: An Update

The

IMF recently put out an update to their Systemic Banking Crises Database, a report that examines data from banking crises that have occurred between 1970 and today.

The paper takes a look at the frequency of banking crises over the last forty years.

It also examines how they relate to currency and sovereign debt crises and shows common policy responses to such events.

It Begins: Greek Coalition Seeks Two-Year Extension To Bailout Targets

AP Images Greece will push its creditors to extend fiscal deadlines under the country’s bailout program by at least two years, according to a policy document drawn up by the three parties in the country’s governing coalition. New Democracy, Pasok