International lenders pore over Greek reforms as strike looms| Reuters
Feb 02, 2016 at 04:16 | Source:
ATHENS Greece's international lenders began reviewing on Monday its progress in implementing reforms set out in a multi-billion euro bailout deal to assess whether it has done enough to secure debt relief in future.Cash-strapped Greece is facing chal...
IMF makes another $137 million available to bail-out Cyprus
Jan 27, 2016 at 13:54 | Source:
Nicosia, Cyprus: The International Monetary Fund says it has made another 126.3 million euros ($136.87 million) available to Cyprus after completing what it said was its second-to-last review of the Eurozone country's rescue deal.The IMF said on Wedn...
Resentment simmers as Greece launches debate on pension reforms| Reuters
Jan 27, 2016 at 00:31 | Source:
ATHENS Greek Prime Minister Alexis Tsipras launched a vocal defence of plans to overhaul the country's pensions system on Tuesday as public unrest simmered over cutbacks that are a condition for the indebted country to receive more international aid....
AIG to spin off mortgage unit, cut jobs in sweeping overhaul| Reuters
Jan 26, 2016 at 23:45 | Source:
American International Group Inc said it would spin off its mortgage insurance unit, cut jobs and sell its broker-dealer network as part of a sweeping overhaul promised to shareholders to fend off activist investor Carl Icahn.The insurer said in a st...
'Running out of time', EU puts Greece, Schengen on notice| Reuters
Jan 26, 2016 at 03:45 | Source:
AMSTERDAM The European Union edged closer on Monday to accepting that its Schengen open-borders area may be suspended for up to two years if it fails in the next few weeks to curb the influx of migrants from the Middle East and Africa.Shorter-term di...
Darling of Davos, Lagarde has second IMF term sewn up| Reuters
Jan 24, 2016 at 23:15 | Source:
DAVOS, Switzerland The darling of the Davos political and financial elite, Christine Lagarde has a second term at the helm of the International Monetary Fund sewn up just days after nominations opened, despite facing possible trial in France.The form...
Draghi says ECB still has ammunition amid doubts| Reuters
Jan 23, 2016 at 00:30 | Source:
DAVOS, Switzerland European Central Bank President Mario Draghi said on Friday that the bank had plenty of instruments at its disposal to push meager euro zone inflation levels higher and was both determined and willing to act.His comments at the Wor...
Cyprus president sees peace deal this year, seeks aid, land| Reuters
Jan 21, 2016 at 02:46 | Source:
DAVOS, Switzerland Cyprus President Nikos Anastasiades said on Wednesday he aims to achieve a peace settlement with the Turkish Cypriots this year to reunite the divided east Mediterranean island and he urged the international community to help fund ...
Refugee crisis could shake up German political landscape in 2016| Reuters
Jan 03, 2016 at 22:15 | Source:
BERLIN For the past decade, German politics has been a relatively dull affair, with Angela Merkel dominating at the national level and the major parties in agreement on all the big issues, from euro zone bailouts and refugees to the phase-out of nucl...
Greek central banker urges government on bailout reforms| Reuters
Jan 03, 2016 at 01:15 | Source:
ATHENS Greece's central bank chief has urged the leftist-led government to implement bailout reforms agreed with the country's lenders, warning that backtracking would entail risks the economy could not withstand.Prime Minister Alexis Tsipras' ruling...
Spain PM attacked over corruption scandal in election debate| Reuters
Dec 15, 2015 at 06:15 | Source:
MADRID A debate before Sunday's Spanish general election exploded into an angry row on Monday when the opposition leader accused Prime Minister Mariano Rajoy of not being a "decent" man and said he should have quit over a corruption scandal...
Russia will not leave IMF after debt rule change, minister says| Reuters
Dec 10, 2015 at 23:15 | Source:
MOSCOW Russia has no plan to cancel its membership in the International Monetary Fund after the organisation changed its operating rules in a way that may support Ukraine in a debt dispute with Russia, Finance Minister Anton Siluanov said on Thursday...
Shortage of trust threatens Greece's comeback| Reuters
Dec 06, 2015 at 16:45 | Source:
ATHENS After a tumultuous year of two elections, a referendum, a default, a bank shutdown, capital controls and a tidal wave of migrants, it's amazing that Greece is still standing, like the Parthenon towering over Athens.Yet the visitor's first impr...
Refugee crisis resurrects German anti-immigration party| Reuters
Nov 28, 2015 at 02:16 | Source:
BERLIN Europe's refugee crisis has resurrected Germany's AfD anti-immigrant party, which aims to enter three new state parliaments next year by luring conservative voters angry with Chancellor Angela Merkel's open-door asylum policy.The Alternative f...