Showing posts with label debts. Show all posts
Showing posts with label debts. Show all posts

Wednesday, May 17, 2017

Thousands strike in Greece over proposed austerity cuts

Thousands of protesters have taken to the streets of Athens and Thessaloniki to express anger at new pension and tax-break cuts forced on Greece by its EU-IMF creditors in return for bailout funds.

Tuesday, April 25, 2017

Russia steps in after Ukraine cuts off power to Luhansk

Russia has pledged to supply electricity to separatist-controlled areas in eastern Ukraine after the Kiev-based Ukrainian government cut off power due to unpaid bills.

Ukraine Cuts Power Supply to Separatist Region, Blaming Unpaid Debts

Ukraine's national power company said on Tuesday it had cut electricity to parts of an eastern region controlled by separatists because they had run up large debts.

Friday, August 12, 2016

Italy's National Debt Hits Record High, Reaches Some $2.5 Trillion

 Italy's public debt reached a historic high in June, exceeding 2.249 trillion euros ($2.518 trillion), the country's central bank said Friday.

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.

Monday, May 2, 2016

Greeks celebrate Orthodox Christian Easter amid debt, refugee crises

Greeks celebrated the Orthodox Christian Easter on Sunday exchanging wishes for better days to come for the country which is tested by the debt and refugee crises.

Friday, April 22, 2016

Officials rule out Greek deal despite reforms

Eurozone and IMF officials have ruled out any deal between Greece and its lenders that would unlock loans and enable vital debt relief talks, despite some progress on the reforms Greece must implement in exchange.

Tuesday, April 12, 2016

Ukraine introduces indefinite moratorium on payments of foreign debts

Ukraine has lifted temporary restrictions from its moratorium on the payment of its foreign public debts, including a $3 billion debt to Russia. According to an explanatory note to the relevant draft law, 242 deputies of the Verkhovna Rada (Ukraine’s parliament) voted for the bill. For the approval of the bill 226 votes would be enough.

Monday, February 29, 2016

EU can't let Greece plunge into 'chaos' in refugee crisis - Merkel

German Chancellor Angela Merkel said Sunday that the EU cannot allow Greece, a country bailed out from its huge debt crisis, to plunge into "chaos" by shutting European borders to refugees.

Sunday, January 3, 2016

Most Greeks expect economy to get worse in 2016, Grexit risk to resurface (survey)

The majority of Greek citizens expected that the ailing Greek economy will get worse in 2016, an opinion poll released on Sunday showed, despite the political leadership's optimism in New Year messages that the debt-laden country will exit a six-year recession during the new year.

Friday, January 1, 2016

Friday, December 18, 2015

Kiev Recognized Default on $3Bln Debt to Moscow, Court Action Imminent

With the announcement of the moratorium on repayment of a $3 billion debt to Russia, the Ukrainian side has practically recognized its default on repayment of a sovereign debt, according to Kremlin spokesman Dmitry Peskov.

Thursday, December 10, 2015

Friday, November 13, 2015

Wednesday, November 11, 2015

Greece’s Ruling Party Calls for National Strike Against Austerity Policies

Greece's ruling Syriza party's labor policy department on Wednesday urged the Greeks to take part in a general strike on November 12 against the "anti-people" austerity policies of the government.

Thursday, October 29, 2015

IMF review of rules for Ukraine’s benefit may set serious precedent for international law

The International Monetary Fund (IMF) will set a serious precedent in case it carries on its lending program for Ukraine despite Kiev’s refusal to repay $3 bln to Moscow, Ukraine’s former minister of economy and financial expert Victor Suslov told TASS on Thursday, adding that this kind of decision would have been purely political and would have demonstrated revamping of the whole system of international law.

IMF Mulls Reforms to Allow Lending to States in Default

The International Monetary Fund (IMF) seeks to reform its lending policies in order to allow countries to borrow money even if they default on their obligations to bilateral creditors, IMF Communications Director Gerry Rice said in a briefing on Thursday.

Thursday, October 15, 2015

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