Congress Bailouts

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  • WASHINGTON, April 14- The International Monetary Fund will not abandon the "troika" underpinning Greece's bailout, but its participation could vary depending on how the bailout is restructured, Fund Managing Director Christine Lagarde said on Thursday. "Our form of participation may vary depending on the commitments of Greece and the undertaking of the...

  • MADRID, April 13- A Spanish judge remanded former top banker Mario Conde in custody on Wednesday after he was arrested on suspicion of money laundering 13 million euros as he oversaw the collapse of one of Spain's biggest banks. Conde was one of the country's most prominent bankers of the 1990 s when he was chairman of Banesto, which the Bank of Spain had to bail out...

  • BERLIN, April 13- Greece has to stick to its promised reforms as agreed in the international bailout programme in 2015, a spokesman for German Finance Minister Wolfgang Schaeuble said on Wednesday. "We will stick strictly to the programme," Martin Jaeger told a government news conference, adding that Schaeuble would meet his Greek counterpart at the end of this...

  • NEW YORK, April 12- A review of Greek reforms required to release further financial aid to the debt-strapped country is ongoing but the process has been difficult, said the head of the European Stability Mechanism, the euro zone's rescue fund, on Tuesday. There is still a range of issues, "said Klaus Regling at a Council on Foreign Relations roundtable discussion.

  • ATHENS, April 12- The International Monetary Fund wants Greece's European partners to grant Athens substantial relief on its debt which it sees remaining "highly unsustainable", according to a draft IMF memorandum seen by Reuters. Earlier on Tuesday, Greece and inspectors from its EU/IMF lenders adjourned talks on a crucial bailout review, mainly due to a rift...

  • WASHINGTON, April 12- The International Monetary Fund's chief economist said on Tuesday that Europe will need to show some flexibility towards Greece as it deals with a refugee crisis and negotiates a new bailout package. "There's certainly going to be a need for more flexibility to tackle the refugee crisis and some support from the broader European...

  • *Greece and lenders pause crucial bailout review talks. ATHENS, April 12- Greece and its international lenders adjourned bailout review talks on Tuesday, potentially delaying a crucial cash handout to the debt-stricken nation, and will resume them immediately after this week's IMF spring meetings. A positive review will unlock up to 5 billion euros in bailout...

  • Remembering Bob Benmosche

    Ari Benmosche, son of Bob Benmosche, reminisces about his father's dramatic corporate comeback as he successfully lead AIG out of the financial crisis.

  • ATHENS, April 12- Greece has so far received initial interest from Italy's state railways for its railway operator TRAINOSE and expects three more suitors to bid for the asset, the head of the country's privatisation agency said in an interview on Tuesday. Billed as a key part of Greece's international bailouts since 2010, privatisations have reaped only 3...

  • Lenders, who had been in Athens for just over a week, will return next Monday after the IMF spring meeting in Washington with a view to concluding an agreement by April 22, when euro zone finance ministers are scheduled to meet, Finance Minister Euclid Tsakalotos told reporters. Greece's review of progress, under a bailout deal reached in July, has dragged on for...

  • The leaking of a conference call of International Monetary Fund officials on Greece's latest bailout review has further undermined mutual trust in fraught debt talks, embarrassed the European Commission and infuriated the IMF and Germany. But efforts to drive a wedge between the EU institutions and the IMF, and isolate IMF Europe director Paul Thomsen, a...

  • BRUSSELS/ ATHENS, April 8- The EU and IMF met in Brussels on Friday to agree on how to coax Greece into more economic reforms linked to its bailout and unlock more funds, with one EU official saying they hoped for a deal by Sunday. Mission chiefs of Greece's European Union and International Monetary Fund lenders left Athens for consultations in Brussels, adjourning...

  • *Says wants quick conclusion to Greece talks. *Lagarde says debt sustainability for Greece matters. BERLIN, April 5- Chancellor Angela Merkel said on Tuesday that a debt haircut for Greece was not possible so long it remains in the euro zone, adding that Germany wanted a quick conclusion of a bailout review.

  • *Greece restarts talks with lenders on bailout review. ATHENS, April 4- Greece urged its international lenders on Monday to conclude a key bailout review swiftly, as talks on its fiscal progress resumed after the leak of a transcript in which IMF officials apparently mooted scare tactics to get a deal. Greece signed up to a bailout worth up to 86 billion euros in...

  • WikiLeaks published on Saturday what it said was the transcript of a March 19 conference call of three senior IMF officials, discussing tactics to apply pressure on Greece, Germany and the EU to reach a deal in April. They were quoted as discussing a threat that the fund might not participate in Greece's third bailout program as a way to force EU creditors,...

  • WikiLeaks published on Saturday what it said was the transcript of a March 19 conference call of three senior IMF officials, discussing tactics to apply pressure on Greece, Germany and the EU to reach a deal in April. They were quoted as discussing a threat that the fund might not participate in Greece's third bailout programme as a way to force EU creditors,...

  • ATHENS/ WASHINGTON, April 3- International Monetary Fund Managing Director Christine Lagarde denied on Sunday that IMF staff would push Greece closer to default as a negotiating tactic on a new Greek bailout deal, which she said was "still a good distance away." "My view of the ongoing negotiations is that we are still a good distance away from having a coherent...

  • Greece calls on the International Monetary Fund to explain whether it was seeking to usher Athens toward bankruptcy.

  • ATHENS, April 2- Greece demanded an explanation from the International Monetary Fund on Saturday after an apparent leaked transcript suggested the IMF may threaten to pull out of the country's bailout as a tactic to force European lenders to more offer debt relief. Internet whistleblowing site WikiLeaks published what it said was the transcript of a March 19...

  • ATHENS, April 2- Greece demanded an explanation from the International Monetary Fund on Saturday after an apparent leaked transcript suggested the IMF may threaten to pull out of the country's bailout as a tactic to force European lenders to more offer debt relief. Internet whistleblowing site WikiLeaks published what it said was the transcript of a March 19...