Finance ministers in the eurozone have reached an agreement on a crucial second bailout for Greece. The latest deal, which came following approximately 13 hours of talks in Brussels, will give the Greek government loans with a value of over 130bn euros. The deal was announced on Tuesday morning by Jean-Claude Juncker, the Luxembourgian Prime [...]
Nigerian citizens have condemned their government for removing a fuel price subsidy, which has resulted in prices of petrol more than doubling in many parts of the African nation. Hundreds of people gathered in Abuja, Nigeria’s capital, to protest against the removal, chanting “Remove corruption, not subsidy.” Petrol prices have risen from 65 naira (£0.26, [...]
A report issued by trade body, the Organisation for Economic Co-ordination and Development (OECD) has praised the government in the Republic of Ireland for its “very sizeable” measures taken in order to reduce the budget deficit. The OECD study showed that the Irish economy had made a “modest recovery”, but warned that should the debt [...]
Stocks in Asia fell on Friday, with some indexes heading towards their worst weekly losses in around three years. The falls were influenced by warnings coming from the International Monetary Fund (IMF) and World Bank regarding the strength of the world economy. In South Korea, the main Kospi index dropped by 4.8%, while in Australia [...]
A campaign by several human rights groups has led to Royal Bank of Scotland (RBS; LSE: RBS) taking the decision to end its fundraising work for the Belarus government. RBS acted shortly after a meeting held last week at their headquarters. The publishing organisation Index on Censorship has claimed that over the past year, $1.85 [...]
The mission chief to Athens for the International Monetary Fund (IMF) has said the huge debts carried by Greece are on a “knife’s edge”. Poul Thomsen, speaking to the Greek newspaper Ethnos, said that the recent package of austerity measures passed by the Greek parliament must now be implemented, otherwise there will be doubt about [...]
Posted in Economy, Featured Post 
Tags: austerity, Auto, Draft, greek capital athens, international monetary fund imf, Knife, order, sound financial footing 
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The International Monetary Fund (IMF) has told Italy that it needs to do alot more to reduce its national debt. The IMF’s report said that the country needed to push ahead with its austerity measures as soon as possible. It also said that “decisive implementation (of spending cuts) is key”. The Italian government moved to [...]
United Kingdom Prime Minister David Cameron has won a battle to ensure that a European Union (EU) wide fund which Britain contributes to will not be used towards a new financial rescue package for Greece. The existing financial package of €110 billion ($156 billion; £98 billion) consists of funding from the International Monetary Fund (IMF) [...]
The International Monetary Fund (IMF) has warned that the world’s economy is facing greater risks, with major worries including the continuing debt crisis in Greece and arguments over deficit plans in the US. The fund has also shown concern about the need to curb growth in Asia. The IMF has however said that it expects [...]
Posted in Economy, Featured Post Tags: economic growth, economic growth in developing countries, Economy, global economic crisis, global economic growth, global economy, greece, greek debt crisis, imf, international monetary fund, international monetary fund imf, need, rate, us deficit, worldwide economy 1 Comment »
The International Monetary Fund (IMF) has revealed that it was the target earlier this year of a “very major” cyber attack. According to the New York Times, IMF officials would say only that the attack, which happened over the last few months, was a sophisticated and serious leading to a “major breach” of its systems. [...]
Posted in Featured Post, Finance Tags: Auto, breach, Cyber, Draft, imf membership, international monetary fund, international monetary fund imf, Security No Comments »
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