Showing posts with label bailout. Show all posts
Showing posts with label bailout. Show all posts

Wednesday, April 19, 2017

IMF Won't Commit to Greek Bailout Fund Without More Reforms - or Relief

The International Monetary Fund (IMF) is refusing to contribute to the Greek bailout fund unless the country's debt is "sustainable" - and restructured - IMF Chief Christine Lagarde has said, although her comments suggest the body is open to renegotiation. German malleability is a different matter entirely.

Tuesday, November 15, 2016

Ethos of Am: Obama Urges Greece to Push Unpopular Reforms to Win "Debt Relief"

Outgoing US President Barack Obama has told Greece to continue with deeply unpopular economic reforms in an effort to win international backing for much needed debt relief to kick-start its economy, Sputnik has been told.

Thursday, September 15, 2016

Portugal's PM rejects claims there will be second bailout

Portuguese Prime Minister Antonio Costa on Wednesday rejected claims that the country could need a second bailout, insisting his anti-austerity drive is boosting the economy.

Tuesday, May 17, 2016

Russia will not back IMF aid program to Ukraine if it fails to consider debt requests

Russia will not support the aid program of the International Monetary Fund (IMF) to Ukraine if it does not take into consideration Ukrainian obligations to Russia regarding $3 bln debt, the Finance Minister Anton Siluanov said in an interview aired by the Rossiya-24 TV news channel Tuesday.

Tuesday, May 10, 2016

Sunday, May 8, 2016

Another Greek crisis not beneficial to anyone

A new Greek crisis will not be beneficial to anyone, Greek Finance Minister Euclid Tsakalotos said in a letter addressed to his European counterparts ahead of Monday's Euro Group meeting, Greek media reported on Saturday.

Friday, May 6, 2016

IMF to review disbursement of bailout funds for Ukraine

The International Monetary Fund (IMF) announced on Thursday that its mission will be in Kiev next week for a review of a third tranche of a bailout package.

Thursday, January 28, 2016

Eurozone, IMF come to terms for next Greek bailout

Eurozone finance ministers and the International Monetary Fund have agreed early Tuesday to a deal setting the stage for Greece to receive the next installment of its urgently needed bailout loans, in a sum of nearly €44 billion.

Wednesday, January 13, 2016

Portuguese parliament to vote on restoration of 35-hour week

The Portuguese parliament is to vote on the bills submitted by leftist parties on the restoration of the 35-hour week for public servants, after more than two years of a 40-hour week imposed by the previous centre-right coalition government.

Saturday, January 9, 2016

Portugal's parliament approves restoration of 4 public holidays

The Portuguese parliament approved Friday the restoration of four public holidays which were suspended by previous central-right coalition government in 2012.

Sunday, November 1, 2015

Greek parliament approves bank recapitalization bill

Greek legislators approved on Saturday with a wide majority a bank recapitalization bill that paves the way to address the key issue for the stability and growth of the ailing economy.

Saturday, October 17, 2015

Greek parliament okays new austerity reform package bill to unlock bailout loan installment

Greek legislators approved on Saturday an omnibus bill containing a set of prior actions the country pledged to its international creditors in order to unlock the next bailout loan installment in coming weeks.

Friday, October 16, 2015

Greece: 13,000 jobs lost in September

More than 13,000 thousand jobs were lost in the month of September in Greece, the second worst salaried employment drop in the last 15 years, according to the Labor Ministry.

Saturday, September 12, 2015

Eurozone downplays Greece vote dangers

The eurozone's top finance officials Saturday downplayed the risk of surprises after the September 20 Greece election, setting their sights instead on fraught bailout talks ahead, including restructuring Greek debt.

Saturday, August 22, 2015

France vows to work with new Greek government

France took note of Greek Premier Alexis Tsipras' resignation after Athens received the first installment of it's 86-billion-euro (97.56 billion U.S. dollar) bailout deal, the French foreign ministry said Friday.

Friday, August 21, 2015

EU says "not concerned" about bailout implementation after Tsipras' resignation

The European Union (EU) said Friday that it was not concerned about the implementation of Greece's third bailout program, a day after Greek Prime Minister Alexis Tsipras announced his resignation and called a snap election.

Analysts optimistic on Greek stability

The fall of Greece’s SYRIZA coalition government could delay implementation of a multi-billion-euro bailout deal with international creditors in the short term, but it is also expected to provide a more stable political environment for economic reform in the long term, analysts said Friday.

Thursday, August 20, 2015

Greek bailout tranche disbursed on time, as gov't considers snap polls

The first tranche of the new Greek bailout program, the third in five years, was disbursed on Thursday on time allowing Athens to repay its maturing debts to international creditors, the finance ministry announced.

Greece ‘repays 3.4 bln euros to European Central Bank’

Greece has repaid 3.4 billion euros ($3.79 billion) due to the European Central Bank on Aug. 20, a source close to the Greek government said after the launch of a massive new reforms-for-bailout deal.

Dutch parliament in favor of new bailout deal for Greece

Following the German parliament a majority of the Dutch parliament on Wednesday approved the new, third bailout package for Greece.

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