Hmmmm, define successfully? “Greece is back” he follows up with, and on Saturday he announced that Greece won’t need a third bail out program.
IMF’s acting European director Poul Thomsen on Bloomberg Policy needs to prop up domestic demand until low inflation recedes and bansk start lending Recent ECB actions aiming for that High unemployment, large debt burdens, weak banks and contracting credit are … Continue reading
So says an EU official. Euro group open to new Greek government request Would weigh more Greece aid if asked Greece needs not now expected to be huge amounts (they weren’t in the first place but look what happened) Greek … Continue reading
Says Ukraine’s FX reserves seen at $16.2bn by end of 2014 compared to $19.2bn prior Risks from Ukraine program have materialised from heightened conflict and gas row with Gazprom If active fighting continues beyond coming months Ukraine would need new … Continue reading
has no plans to resign Lagarde will appeal against the decision Source close to IMF head Lagarde being quoted on Reuters The case relates to her involvement in a EUR 403m compensation award made to the disgraced tycoon, Bernard Tapie, … Continue reading
Ukraine has asked the IMF to combine the next two tranches of aid. The third and fourth payments amount to around $2.2bn and were due to be paid before the end of the year, reports IFX via Reuters I’m still … Continue reading
Whether workers who have given up looking for jobs will return to the workforce as the economy improves has big implications for inflation and the Fed. The IMF studied how much of the fall in participation was demographic and how … Continue reading
The IMF have issued a report: “Can Japan Afford to Cut Its Corporate Tax?” Says: At more than 35% for most businesses, the Japanese corporate income tax rate is one of the highest among the industrialized countries of the Organization … Continue reading