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  • *Without third bailout, bankrupt Greece will lose the euro. BRUSSELS, July 12- Euro zone leaders will fight to the finish to keep near-bankrupt Greece in the euro zone on Sunday after the European Union's chairman cancelled a planned summit of all 28 EU leaders that would have been needed in case of a "Grexit". European Council President Donald Tusk announced that he...

  • BRUSSELS, July 11- EU and IMF officials have given euro zone governments a positive assessment of Greece's request for a new bailout, a source close to the matter said, making it likely they will agree on Saturday to open talks on lending Athens tens of billions of additional euros. Experts from the European Commission, European Central Bank and the International...

  • BRUSSELS, July 11- The European Commission, European Central Bank and the International Monetary Fund have given a positive assessment of the Greek government's request to start negotiations on a new bailout, a person close to the matter said on Friday. The three institutions were asked by the ESM bailout fund to review proposals for economic reforms made by...

  • BRUSSELS, July 9- Proposals from Greece to explain how it will meet conditions for a new international bailout loan were received on Thursday by Jeroen Dijsselbloem, who chairs the Eurogroup of euro zone finance ministers, his spokesman said. The European Commission and European Central Bank will review the proposals. The International Monetary Fund is also...

  • WASHINGTON, July 9- The International Monetary Fund on Thursday trimmed its forecast for global economic growth for this year to take into account the impact of recent weakness in the United States. The IMF pinned much of the blame for the lower growth forecast on the United States. The IMF also said U.S. economic sluggishness had spilled over to Canada and Mexico.

  • WASHINGTON, July 9- The International Monetary Fund on Thursday said it seemed Greece's crisis and market volatility in China would not affect when the U.S. Federal Reserve chooses to raise interest rates. "From what I read... the Fed has more or less the same interpretation of the implications of the events in Greece and China as we do, which is that they are not of...

  • IMF says Greece spillovers limited to rest of world Thursday, 9 Jul 2015 | 9:36 AM ET

    WASHINGTON, July 9- Greece is a small part of the world economy, and its possible exit from the euro zone should have limited impact on the rest of the world, the IMF's chief economist said on Thursday, though he warned similar crises could happen in other countries. Greece is racing to find a last-minute third bailout from its IMF and European Union creditors to...

  • *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.

  • WASHINGTON, July 7- A global slowdown in economic growth, together with political and economic upheaval in places like Greece, the Middle East and Ukraine, could hurt U.S. growth going forward, the International Monetary Fund said on Tuesday. "Finally, risks from Russia/ Ukraine, Greece or the Middle East represent an unpredictable wild card with negative, but...

  • LONDON, July 6- Copper hit a five-month low on Monday after Greece edged closer to leaving the euro zone and top copper consumer China rolled out emergency measures to halt the stock market's slide but the metal saw no signs of panic selling. There was some hope in markets though after the International Monetary Fund said it ready to assist Greece if asked.

  • *Publication highlighted dispute between Brussels and Washington. BRUSSELS, July 3- Euro zone countries tried in vain to stop the IMF publishing a gloomy analysis of Greece's debt burden which the leftist government says vindicates its call to voters to reject bailout terms, sources familiar with the situation said on Friday. The document released in...

  • The decision came two days before Greeks were set to vote in a referendum on whether to accept bailout terms rejected by their leftist government, with a' No' vote likely to put Greece on a path to leaving the euro zone. The European Financial Stability Facility said Tuesday's failure to pay the International Monetary Fund "results in an event of default by Greece,...

  • BRUSSELS, July 3- The euro zone's rescue fund, Greece's largest creditor, said on Friday it reserved the right to call in 130.9 billion euros in debt ahead of schedule after Athens defaulted this week on an International Monetary Fund loan. The board of the European Financial Stability Facility decided to reserve its rights to act at a later stage on the...

  • LONDON, July 3- Euro zone business activity expanded at its fastest pace in four years last month as the European Central Bank's stimulus package more than offset fears Greece could crash out of the currency union, surveys showed. Speculation that Athens would miss a 1.6 billion-euro repayment to the International Monetary Fund on Tuesday heightened...

  • *IMF warns Greece needs debt extension. July 2- U.S. stocks closed down slightly on Thursday after the International Monetary Fund warned Greece ahead of its Sunday referendum that it faces a huge financial hole, and mixed jobs data dampened the U.S. economic outlook. While the IMF was warning that Greece needed an extra 50 billion euros over the next three years to...

  • NEW YORK, July 2- U.S. stocks ended slightly lower on Thursday after the International Monetary Fund warned that Greece faces a financial hole ahead of its Sunday referendum, and as muted jobs data dampened the U.S. economic outlook. Based on the latest available data, the Dow Jones industrial average fell 30.5 points, or 0.17 percent, to 17,727.41, the S&P 500 lost...

  • *IMF warns Greece needs debt extension. July 2- U.S. stocks extended losses on Thursday after the International Monetary Fund warned Greece may need a large debt writeoff, and muted U.S. jobs data dampened the economic outlook. "The market seems to be paying more attention to what may happen with Greece as well as whether or not wage growth will pick up," said Omar...

  • US STOCKS-Wall St turns negative as IMF warns on Greece Thursday, 2 Jul 2015 | 12:13 PM ET

    *IMF warns Greece needs debt extension. July 2- U.S. stocks turned negative after the International Monetary Fund warned Greece may need a further large debt writeoff, and weak U.S. jobs data dampened the economic outlook. "The market seems to be paying more attention to what may happen with Greece as well as whether or not wage growth will pick up," said Omar Aguilar,...

  • WASHINGTON, July 2- The International Monetary Fund warned on Thursday that Greece would need an extension of its European Union loans and a potentially a large debt writeoff if it grows more slowly than expected and economic reforms are not implemented. The Washington- based institution, which is part of a "troika" that includes the European Commission and...

  • July 2- The International Monetary Fund warned on Thursday that Greece would need an extension of its European Union loans and a large debt writeoff if it grows more slowly than expected and economic reforms are not implemented. The IMF warning in a preliminary draft of its latest debt sustainability report came as Greece readies for a Sunday referendum on an...