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Friday, March 23, 2018

As Greece Closes Banks, Fear Spreads Of A Eurozone Implosion

As the Greek debt drama hurtles toward a nail-biting climax, fears are mounting that the outcome could sink not just Greece but the euro and the idea of the European Union itself.

June 29, 2015

IMF Chief Charged With Negligence In French Arbitration Case

By Clare Byrne, dpa PARIS — International Monetary Fund (IMF) chief Christine Lagarde has been charged with “negligence” over a 400-million-euro state payout to a businessman when she was French finance minister, French media reported on Wednesday. Lagarde was questioned Tuesday for a fourth time over the affair by a court that investigates ministerial wrongdoing, […]

August 27, 2014

IMF Cuts 2014 U.S. Economic Growth Forecast To 1.7 Percent

Washington (AFP) – The International Monetary Fund on Wednesday lowered its U.S. economic growth forecast for 2014 after severe winter weather in the first quarter delivered a sharp contraction. The IMF projected that the world’s largest economy would grow a “disappointing” 1.7 percent this year, after a 1.9 percent expansion in 2013. The forecast marked […]

July 23, 2014

IMF Approves $17 Billion Aid For Ukraine

Washington (AFP) – The International Monetary Fund approved a $17 billion aid deal for Ukraine, even as Kiev fought to prevent pro-Moscow separatists from grabbing another chunk of the country. Greenlighting a rescue program for an interim government which took power after an uprising two months ago, IMF chief Christine Lagarde said it was crucial […]

May 1, 2014

IMF Urges Congress To Back Reforms Giving Fund More Clout

By Don Lee, Tribune Washington Bureau WASHINGTON — The U.S. made clear this past week that it wants the International Monetary Fund to be the emergency lender for countries like Ukraine, but American lawmakers have persistently refused to give the IMF the additional financial firepower that it has sought. That tension was evident in meetings concluding […]

April 14, 2014

Greece Ends Market Exile With Triumphant Bond Auction

Athens (AFP) – Bailed-out Greece returned to bond markets with a bang on Thursday after a four-year exile, raising three billion euros and sending a major signal that the eurozone debt crisis is fading. Greece’s EU-IMF creditors hailed the move which the Greek prime minister said had “opened the way for cheaper borrowing” for the […]

April 10, 2014

IMF’s Lagarde: ‘Bold Action Needed’ For Global Economy

Washington (AFP) – The global economy has picked up but bold action is needed to surmount serious dangers and deliver the benefits more evenly, International Monetary Fund managing Director Christine Lagarde said Thursday. Lagarde said the Ukraine crisis, slower growth in emerging economies, the threat of deflation in the eurozone, financial sector vulnerabilities in the […]

April 10, 2014

Congress Nears Finish Line On Bill For Ukraine Aid, Sanctions

By Michael A. Memoli, Tribune Washington Bureau WASHINGTON — Congress’ work on legislation to address the crisis in Ukraine — a three-week ordeal that included no shortage of partisan wrangling — appears to be nearing a conclusion. Both the Senate and the House voted overwhelmingly Thursday to approve separate bills to impose sanctions on Russia for […]

March 27, 2014

IMF Throws Lifeline To Ukraine As Russia Masses Troops

By Dmitry Zaks Kiev (AFP) – The International Monetary Fund announced on Thursday a $14-$18 billion bailout for Ukraine that requires the crisis-hit country to pursue painful and unpopular reforms to avert bankruptcy amid its escalating standoff with Russia. The vital pledge of Western support for the untested leaders who last month toppled a pro-Kremlin […]

March 27, 2014

Senators Already In Their Corners In Upcoming Debate Over Ukraine Aid

By William Douglas and Lesley Clark, McClatchy Washington Bureau WASHINGTON — Russia’s annexation of Crimea has produced yet another perfect storm in Washington: a fast-moving international crisis and a slow-moving U.S. Congress. The Senate next week will try once again to take up a $1 billion aid and sanctions bill to help struggling Ukraine after […]

March 21, 2014

Talk Of Financial Aid For Ukraine Gains Traction

By Paul Richter and Kathleen Hennessey, Tribune Washington Bureau WASHINGTON — Russia’s military action in Crimea has strengthened support for economic aid to beleaguered Ukraine, yet the multibillion-dollar package under discussion in world capitals still must navigate a treacherous course. With Russian troops now essentially in control of Ukraine’s Crimean peninsula, President Barack Obama challenged […]

March 4, 2014

IMF: Want To Fix The Economy? Tackle Income Inequality.

To solve our economic woes, it turns out the government should focus less on free trade and debt and more on alleviating income inequality: A new study — by the IMF, no less — found that countries with more equally distributed income tended to have longer growth spells. This information, in light of a rapidly […]

October 4, 2011