The IMF urged the United States to repeal sweeping government spending cuts and recommended that the Federal Reserve continue a bond-buying program through the end of the year.» Read More
WASHINGTON, June 14- The head of the International Monetary Fund said she was satisfied with the cooperation between the IMF and European lenders, amid criticism about the flaws in the relationship.
WASHINGTON, June 14- The International Monetary Fund urged the United States on Friday to repeal sweeping government spending cuts and recommended that the Federal Reserve continue a bond-buying program through at least the end of the year.
*Stephane Richard under investigation in Tapie probe. PARIS, June 13- The future of France Telecom Chief Executive Stephane Richard remained in question on Thursday, after he was put under investigation for conspiracy to commit fraud during his time as a top government aide.
PARIS, June 11- A French prosecutor decided on Tuesday to hold Orange CEO Stephane Richard for further questioning about his role in a 285 million euro payout made to businessman Bernard Tapie, a source close to the investigation said.
The uneasy trio of European Commission, International Monetary Fund and European Central Bank was assembled in haste in March 2010 after Greece's public debt and deficit exploded and it was about to lose access to market funding.
"That will benefit especially the peripheral European economies who are selling more goods to Germany and attracting more German tourists," Schmieding said.
ATHENS, June 4- Greece is broadly on track with its bailout programme but must do more to crack down on tax evasion and pursue reforms to attract foreign investors, International Monetary Fund chief Christine Lagarde said on Tuesday.
PARIS, May 23- IMF chief Christine Lagarde was questioned in court by French magistrates on Thursday over her role in a 285- million-euro arbitration payment made to a supporter of former president Nicolas Sarkozy.
PARIS, May 23- Christine Lagarde has made her mark as International Monetary Fund chief by taking a firm yet pragmatic stance in the austerity-versus-growth debate raging as Europe struggles to pull itself out of a long crisis.
PARIS, May 23- IMF chief Christine Lagarde was questioned in court by a French magistrate on Thursday over her role in a 285- million-euro arbitration payment made to a supporter of former president Nicolas Sarkozy.
PARIS, May 22- IMF chief Christine Lagarde will be questioned by a French magistrate on Thursday over her role in a 285- million-euro arbitration payment made to a supporter of former president Nicolas Sarkozy.
May 17- In the nearly five years since the worst financial crash since the Great Depression, the remedy for the world's economic doldrums has swung from full-on Keynesianism to unforgiving austerity and back.
*Washington's Lew tells Japan to stick to currency rules. *Japan minister says G7 not concerned about its policies.
The United States warned Japan on Friday to stick to the rules when it came to the value of its currency, setting the stage for a potentially uncomfortable meeting of G7 finance ministers outside London. "Japan has growth issues for a long period of time that we have encouraged Japan to address.
BERLIN, May 7- German Finance Minister Wolfgang Schaeuble signalled a softening of his stance on a European banking union on Tuesday, saying the euro zone should press ahead using current law without seeking treaty changes.
AMSTERDAM, May 7- For European banking union to succeed, all EU member countries need to be in agreement, Christine Lagarde, managing director of the International Monetary Fund, said on Tuesday. "You need to have all the players at the table," Lagarde, managing director of the IMF, told students at the University of Amsterdam when asked about Germany's concerns.
*Weakened rapport with Germany not good for Berlin. BRUSSELS/ PARIS, April 24- A few hours after midnight one Sunday last month, as negotiations over a rescue for Cyprus dragged into a second day, French Finance Minister Pierre Moscovici fell asleep.
WASHINGTON, April 20- Global finance officials endorsed a new World Bank goal to end extreme global poverty by 2030 and emphasized that its focus should be on ensuring that the poorest benefit from strong growth and rising prosperity in developing nations.
WASHINGTON, April 20- Global finance officials on Saturday said monetary policy alone was not enough to restore confidence in the shaky global economy as they urged countries to take other steps to reinvigorate growth and create jobs.
*Russia's Siluanov: G20 agreed on' soft parameters' on debt. Russia- this year's G20 chair- had hoped to secure an agreement on setting fixed targets for reducing debt by the time G20 leaders meet in St. Petersburg in September.