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US Economy Christine Lagarde

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  • LUXEMBOURG/ ATHENS, July 9- The European Union's chairman joined growing international calls for Greece to be granted debt restructuring as part of any new loan deal if it delivers convincing reforms to avert imminent bankruptcy. The call was an implicit challenge to Germany, Athens' biggest creditor, which has so far ruled out any write-offs as illegal and...

  • IMF trims growth forecast Thursday, 9 Jul 2015 | 9:00 AM ET
    IMF trims growth forecast

    The IMF projects 2015 global economic growth of 3.3 percent and 3.8 percent for 2016. The "Squawk on the Street" news team discus.

  • FRANKFURT/ ATHENS, July 9- European Central Bank President Mario Draghi has voiced unprecedented doubts about the chances of rescuing Greece from bankruptcy as Greek Prime Minister Alexis Tsipras was due to put forward last-ditch reform proposals on Thursday. Italian daily Il Sole 24 Ore quoted the ECB chief, under growing fire in Germany for keeping Greek...

  • IMF's Lagarde: Greece will need debt restructuring Wednesday, 8 Jul 2015 | 3:47 PM ET
    Anti-austerity 'No' voters celebrate the results of the first exit polls in front of the Greek parliament in Syntagma Square in Athens, Greece July 5, 2015.

    International Monetary Fund Managing Director Christine Lagarde said Wednesday that Greece will need debt restructuring.

  • *55 percent probability Greece leaves euro zone- economists. *High risk of Greece defaulting on ECB debt payment on July 20. But months of negotiations between Athens and its creditors has so far yielded nothing and Greece became the first developed economy to default on a debt payment to the International Monetary Fund last month.

  • MOSCOW, July 7- Athens has not asked Moscow for financial help though the two have discussed joint investments, Russian Economy Minister Alexei Ulyukayev said on Tuesday. "Greece has not asked for any help, we haven't discussed such an issue," he told reporters. On Monday, President Vladimir Putin and Christine Lagarde, managing director at the International...

  • WASHINGTON, July 6- The International Monetary Fund told Greece on Monday it could not provide funds to countries that had missed payments due to the international lender, an IMF representative said. IMF Managing Director Christine Lagarde spoke to Greek Prime Minister Alexis Tsipras about the Greek people's rejection in a referendum of the bailout terms of...

  • MOSCOW, July 6- Russian President Vladimir Putin and Christine Lagarde, the managing director at the International Monetary Fund, discussed the Greek referendum on Monday, the Kremlin spokesman said. The phone call between Putin and Lagarde was not linked to any potential Russian help for Greece, he added. The IMF said earlier on Monday that it was monitoring the...

  • IMF says ready to help Greece if asked to do so Monday, 6 Jul 2015 | 10:32 AM ET

    WASHINGTON, July 6- The International Monetary Fund said on Monday it was monitoring the situation in Greece and was ready to lend a hand if asked following a referendum that rejected the bailout conditions of international creditors. "The IMF has taken note of yesterday's referendum held in Greece," IMF Managing Director Christine Lagarde said in a statement.

  • Plight of Greek pensioners heaps pressure on Tsipras Thursday, 2 Jul 2015 | 3:18 AM ET

    *Lines of pensioners create powerful symbol of crisis. ATHENS, July 2- Long lines of pensioners jostling to get into a limited number of banks opened specially to pay out retirement benefits have become a powerful symbol of the misery facing Greece and the problems mounting for Prime Minister Alexis Tsipras. Mindful of the fact that many older Greeks do not use...

  • REFILE-SPECIAL REPORT-How Greece went bust Wednesday, 1 Jul 2015 | 9:14 AM ET

    On the other sat President Francois Hollande of France; around were a handful of officials. In this modest Brussels setting last Friday morning, key players in the great Greek debt drama tried to avert a meltdown that could threaten the future of the euro and even the European Union. Merkel and Hollande made a final offer of billions of euros in aid for bankrupt...

  • SPECIAL REPORT-How Greece went bust Wednesday, 1 Jul 2015 | 8:37 AM ET

    On the other sat President Francois Hollande of France; around were a handful of officials. In this modest Brussels setting last Friday morning, key players in the great Greek debt drama tried to avert a meltdown that could threaten the future of the euro and even the European Union. Merkel and Hollande made a final offer of billions of euros in aid for bankrupt...

  • UPDATE 1-China calls for Greek debt talks to continue Wednesday, 1 Jul 2015 | 4:06 AM ET

    BEIJING, July 1- China's Foreign Ministry on Wednesday called for talks between Greece and its creditors to continue, after the country defaulted on a loan with the International Monetary Fund. "From China's point of view we hope to see that the EU and euro zone can appropriately resolve this issue and Greece can continue to remain in the euro zone.

  • BEIJING, July 1- China hopes to see an appropriate resolution to the debt crisis in Greece, the Foreign Ministry said on Wednesday, after Greece defaulted on a loan with the International Monetary Fund. The IMF said that Greece had not made its scheduled 1.6 billion euro loan repayment to the fund. As a result, IMF Managing Director Christine Lagarde will report to...

  • *Greece not able to repay 1.6 bln euros owed to IMF. *OPEC, U.S. output rises to multi-year highs. SINGAPORE, July 1- Oil prices fell over 1 percent on Wednesday after Greece became the first developed economy to default on a loan with the International Monetary Fund, and as both U.S. and OPEC production hit new records.

  • *Greece misses 1.6 billion euro IMF loan repayment. *Eurogroup head urges Greece to change stance with creditors. *Fitch ratings agency cuts Greece to CC.

  • *Greece misses 1.6 billion euro IMF loan repayment. *Eurogroup head urges Greece to change stance with creditors. *Fitch ratings agency cuts Greece to CC.

  • *EU Commission urges Greece to accept deal. ATHENS, June 30- Greece pleaded for a short-term bailout extension on Tuesday to avert a midnight default as frantic efforts gathered pace to salvage a deal that could keep Athens in the euro, with Germany warning that time had run out to extend vital credit lines. European Commission President Jean-Claude Juncker...

  • WRAPUP 3-EU makes last-ditch bid to save Greek bailout Tuesday, 30 Jun 2015 | 8:57 AM ET

    *EU Commission calls on Athens to accept 11th hour offer. ATHENS, June 30- EU authorities made a last-minute offer to salvage a bailout deal that could keep Greece in the euro as the clock ticked down on Tuesday, with Germany warning that time had run out to extend vital credit lines to Athens. With billions of euros in locked-up bailout funds due to expire at midnight,...

  • After months of wrangling and acrimony, the growing possibility that Athens could be forced out of the single currency brought into sharp focus the chaos that could be unleashed in Greece as well as the danger that would arise for the stability of the euro. "What would happen if Greece came out of the euro? There would be a negative message that euro membership is...