Tag Archives: International Monetary Fund

Greek Prime Minister Samaras Prepares for European Leaders’ Meeting

ATHENS, Greece – Greek Prime Minister, Antonis Samaras, will have his first meeting with the leaders of the Euro block next week, attempting to assure other European leaders that Greece will fulfill the promise of greater austerity and lower its debt if the EU can give more time for his Read On..

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Greece Struggles to Keep their Economy Afloat

  ATHENS – The coalition government of Greece applied for a bridge loan to cover their financial needs until September. Meanwhile, they are also trying to recover $11.7 billion in spending and this has prompted them to think up of a rescue plan to appease international lenders and exasperated investors. Read On..

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Greece Desperate for EC and IMF Help

BERLIN – German Economic Minister Philipp Rösler warned Friday that the Troika is exhausting his patience concerning the Government of Greece and the implementation of reforms to stabilize the country’s finances. The Troika is the supervisory committee composed of representatives of the European Commission (EC), European Central Bank (ECB), and Read On..

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Cyprus Expects Help to Come in the Coming Weeks

NICOSIA, Cyprus – Cyprus officials hopes to complete the financial aid talks with their counterparts from the EU over the next three weeks. Results of the talks will urge future creditors to be lenient with the country, after the experience with the rescue of Greece. Last June 24, the Mediterranean Read On..

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Sarkozy Returns the Ball to Strauss-Kahn

PARIS  - French President Nicolas Sarkozy urged the former head of the International Monetary Fund (IMF) Dominique Strauss-Kahn to take legal action over allegations that his “political enemies” had shattered him during his presidential candidacy. This includes his alleged sexual encounter with a maid in New York.   Strauss-Kahn was Read On..

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