Congress Bailouts

  • ATHENS, Greece— The International Monetary Fund on Friday painted a bleak outlook for bailout-dependent Greece, where it said it expects unemployment to stay in the double digits for more than three decades. Greece's economy is under constant scrutiny from its bailout creditors, the IMF and European governments and institutions. They include an energy...

  • ATHENS, Sept 21- Greece on Wednesday ratified a 7 billion-euro plan to turn a derelict former airport into one of Europe's biggest coastal resorts, as agreed with international lenders as a condition of fresh bailout aid. One abandoned plan was to create a financial district similar to London's Canary Wharf. Backed by Chinese conglomerate Fosun, an Abu Dhabi-...

  • *After commodity boom, default risks rise in Mongolia. HONG KONG/ LONDON, Sept 20- Holders of Mongolia's high-yielding dollar bonds are looking beyond a sharp rise in sovereign default risks on a bet that China or the International Monetary Fund will help the once-booming commodity producer to stay solvent. Mongolia, a vast country of just three million people, is...

  • ATHENS, Sept 15- Greece will launch a tender for the long-term lease of a major toll road by the end of September, a senior privatization agency official said on Thursday, to unlock the country's next tranche of bailout loans. Along with other reforms, Greece needs to sell rights to the 670 km Egnatia toll road for 35 years to pass a first progress review by the...

  • ATHENS, Greece— Unemployment in bailout-dependent Greece dropped to 23.1 percent between April and June, down from nearly 25 percent in the first quarter but still the worst jobless rate in the European Union. After Greece's public finances fell apart in early 2010 and the country signed the first of three multi-billion euro bailouts, unemployment hit levels...

  • WASHINGTON, Sept 14- The International Monetary Fund said its board on Wednesday approved a long-awaited loan disbursement to Ukraine of about $1 billion after a review of the country's bailout program. To date, Ukraine has received about $7.62 billion in the program launched in March 2015. "The positive decision by the IMF is evidence that the world recognizes...

  • WASHINGTON, Sept 14- The International Monetary Fund said its board on Wednesday approved a long-awaited loan disbursement to Ukraine of about $1 billion after a review of the country's bailout program. To date, Ukraine has received about $7.62 billion in the program launched in March 2015. "The positive decision by the IMF is evidence that the world recognises...

  • *Greece to fight for collective wage agreements in bailout review. ATHENS, Sept 14- Greece will tell its creditors it cannot comply with labour reforms demanded by the International Monetary Fund as a condition of its support for the country's third bailout, its labour minister told Reuters in an interview on Wednesday. Labour Minister George Katrougalos,...

  • *Greece to fight for collective wage agreements in bailout review. ATHENS, Sept 14- Greece will tell its creditors it cannot comply with labor reforms demanded by the International Monetary Fund as a condition of its support for the country's third bailout, its labor minister told Reuters in an interview on Wednesday. Labour Minister George Katrougalos,...

  • *Greece to fight for collective wage agreements in bailout review. ATHENS, Sept 14- Greece will tell its creditors it cannot comply with labour reforms demanded by the International Monetary Fund as a condition of its support for the country's third bailout, its labour minister told Reuters in an interview on Wednesday. Labour Minister George Katrougalos,...

  • *Greece to fight for collective wage agreements in bailout review. ATHENS, Sept 14- Greece will tell its creditors it cannot comply with labor reforms demanded by the International Monetary Fund as a condition of its support for the country's third bailout, its labor minister told Reuters in an interview on Wednesday. Labour Minister George Katrougalos,...

  • *Greece to fight for collective wage agreements in bailout review. ATHENS, Sept 14- Greece will tell its creditors it cannot comply with labour reforms demanded by the International Monetary Fund as a condition of its support for the country's third bailout, its labour minister told Reuters in an interview on Wednesday. Labour Minister George Katrougalos,...

  • *Greece to fight for collective wage agreements in bailout review. ATHENS, Sept 14- Greece will tell its creditors it cannot comply with labor reforms demanded by the International Monetary Fund as a condition of its support for the country's third bailout, its labor minister told Reuters in an interview on Wednesday. Labour Minister George Katrougalos,...

  • ATHENS, Sept 14- Greece will tell its creditors it cannot comply with labor reforms demanded by the International Monetary Fund as a condition of its support for the country's third bailout, its labor minister told Reuters in an interview on Wednesday. Labour Minister George Katrougalos, speaking a few hours before talks with the heads of an EU-IMF mission over...

  • ATHENS, Sept 14- Greece will tell its creditors it cannot comply with labour reforms demanded by the International Monetary Fund as a condition of its support for the country's third bailout, its labour minister told Reuters in an interview on Wednesday. Labour Minister George Katrougalos, speaking a few hours before talks with the heads of an EU-IMF mission...

  • ATHENS, Sept 14- Greece will tell its creditors it cannot comply with labour reforms demanded by the International Monetary Fund as a condition of its support for the country's third bailout, its labour minister told Reuters in an interview on Wednesday. Labour Minister George Katrougalos, speaking a few hours before talks with the heads of an EU-IMF mission...

  • ATHENS, Sept 14- Greece will tell its creditors it cannot comply with labor reforms demanded by the International Monetary Fund as a condition of its support for the country's third bailout, its labor minister told Reuters in an interview on Wednesday. Labour Minister George Katrougalos, speaking a few hours before talks with the heads of an EU-IMF mission over...

  • NEW YORK, Sept 13- The prominent short-seller Jim Chanos, founder of Kynikos Associates, on Tuesday called the proposed merger of Tesla Motors Inc and SolarCity Corp "crazy," noting that the combined company would need constant access to capital markets. "To burden your own balance sheet and cash flow statement to, in effect, bail out shareholders at SolarCity...

  • ATHENS, Greece— Inspectors from Greece's bailout creditors have returned to Athens as the Greek government faces calls to speed up the implementation of economic reforms so it can get more rescue loans. Representatives from the International Monetary Fund, the European Central Bank and European Commission were due for talks starting Monday with...

  • Mario Monti, former Prime Minister of Italy, says that current Prime Minister Matteo Renzi's complaints on the financial management of his predecessors is misplaced.