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  • IMF reaches staff agreement with Ghana on $940 mln loan Thursday, 26 Feb 2015 | 11:29 AM ET

    WASHINGTON, Feb 26- The International Monetary Fund staff has reached agreement with the government of Ghana for a roughly $940 million loan to help the African nation stabilize itself after three years of declining economic growth and ballooning debt. "Ghana experienced three difficult years characterized by declining economic growth, increasing...

  • Minimum wages in EU highlight huge economic differences Thursday, 26 Feb 2015 | 8:44 AM ET

    BRUSSELS— Minimum wages across the European Union highlight the vast economic differences across the member states with a ten-fold difference between Bulgaria and Luxembourg. The EU's statistical agency Eurostat said Thursday that while the minimum monthly wage in January stood at 184 euros in Bulgaria, it was 1,923 euros in Luxembourg.

  • France avoids EU penalties over budget deficits Wednesday, 25 Feb 2015 | 11:53 AM ET

    BRUSSELS— France will avoid punishment for missing its budget deficit targets after the European Union gave it two more years to come into line. European Commission Vice-President Valdis Dombrovskis said Wednesday that France now has a 2017 deadline to get its budget deficit equal to or below 3 percent of annual gross domestic product.

  • LONDON, Feb 24- Portugal's government debt market is likely to benefit more than any other in the euro zone from the European Central Bank's bond-buying programme that starts next month. While Portugal's total debt is one of the highest in the bloc, having been bailed out by the International Monetary Fund and the European Union during the debt crisis, its stock...

  • BRUSSELS, Feb 24- Greece sent a list of economic reform plans to European institutions and the International Monetary Fund around midnight that was "a valid starting point" for talks over its bailout, a source close to the European Commission said on Tuesday. Greece needed to present its plans as a condition for extending its bailout program for an additional...

  • BRUSSELS, Feb 24- Greece has sent a list of economic reform plans to European institutions and the International Monetary Fund around midnight, a source close to the European Commission said on Tuesday. Greece needed to present its plans as a condition for extending its bailout programme for an additional four months, in a deal struck with euro zone partners on...

  • BRUSSELS, Feb 24- Greece sent a list of economic reform plans to European institutions and the International Monetary Fund around midnight, a source close to the European Commission said on Tuesday. "In the Commission's view, this list is sufficiently comprehensive to be a valid starting point for a successful conclusion of the review," the source said.

  • WASHINGTON, Feb 19- The International Monetary Fund on Thursday said it is confident Ukraine should get an overall $40 billion financing package to support its economy, without providing details about the breakdown of funds. The IMF last week said its staff had reached an agreement with the Ukraine government on a new economic program with about $17.5 billion...

  • WASHINGTON, Feb 19- All parties involved in the debt negotiations between Greece and its European partners are trying to minimize risks to financial stability, a spokesman for the International Monetary Fund said on Thursday. Some outside observers have warned that Greece could run out of cash and be forced to exit the euro zone if it did not agree on a six-month...

  • UPDATE 1-OECD raises Italy 2015 GDP forecast to 0.6 pct Thursday, 19 Feb 2015 | 8:12 AM ET

    *Warns market sentiment could turn on Italy. Italy has not posted a single quarter of growth since the middle of 2011.. The 114- page report on Italy's economy contained a 2015 growth forecast of 0.4 percent, but the OECD's head Angel Gurria told reporters at a presentation that the most recent developments had prompted an upward revision.

  • BRUSSELS— The European Union has launched a drive to combat tax evasion following a series of probes into rules that allow multinationals to slash their bills in Luxembourg, Ireland and the Netherlands. It opened probes last year into Apple in Ireland, Starbucks in the Netherlands and Amazon in Luxemburg. Last week, the EU set up a special committee to look into...

  • LONDON, Feb 18- The European Union looks set to reduce capital charges on some securitised debt to revive a market that triggered the global financial crisis, but is now seen as key to funding the region's flagging economy. The EU's executive European Commission said it was planning to create a new class of high quality, simple, asset-backed securities that could...

  • PARIS— Paris' court of appeal has overturned a controversial 2008 decision to pay 403 million euros to French businessman Bernard Tapie in an arbitration ruling. The court's move overturns the decision taken when conservative Nicolas Sarkozy was president— and when Christine Lagarde, the current International Monetary Fund chief, was his economics...

  • ATHENS, Feb 17- A combative Greek Prime Minister Alexis Tsipras said on Tuesday his government would not succumb to blackmail from its euro zone partners and was in no hurry to reach a new debt agreement. His Syriza party intended to keep its promises to end the austerity imposed by the European Union and International Monetary Fund under Greece's bailout deals.

  • BRUSSELS, Feb 12- Greece agreed on Thursday to talk to its creditors about the way out of its hated international bailout in a political climbdown that could prevent its new leftist-led government running out of money as early as next month. Prime Minister Alexis Tsipras, attending his first European Union summit, agreed with the chairman of euro zone finance...

  • UKRAINE PM YATSENIUK, SPEAKING OF FUTURE IMF AID PACKAGE, SAYS 2016 COULD BE YEAR OF ECONOMIC GROWTH IF "RUSSIAN AGGRESSION" IS HALTED AND INTERNAL REFORMS ARE A SUCCESS.

  • MUMBAI, Feb 12- The United States will "push back very hard" against countries that target weaker exchange rates to gain an unfair trade advantage, Treasury Secretary Jack Lew said on Thursday, driving home concerns he expressed to the Group of 20 this week. He urged Europe to make greater use of fiscal policy to reinforce monetary stimulus to boost growth.

  • CAIRO, Feb 11- The International Monetary Fund said on Wednesday that Egypt's structural and monetary reforms were starting to produce a turnaround in the economy, which has been hit by persistent turmoil since 2011.. Egypt's current government has since embarked on a series of reforms, and asked the IMF to assess its financial and economic condition in the...

  • CAIRO, Feb 11- The International Monetary Fund said on Wednesday that Egypt's structural and monetary reforms were starting to produce a turnaround in the economy, which has been hit by persistent turmoil since 2011.. However, Egypt has received billions of dollars in aid from Gulf states since ex-army chief Abdel Fattah al-Sisi ousted president Mohamed...

  • UPDATE 1-Greece, OECD agree to work together on reforms Wednesday, 11 Feb 2015 | 6:06 AM ET

    ATHENS, Feb 11- Greece and the OECD agreed on Wednesday to work together on reforms to the Greek economy, but Athens insisted it would not let outsiders decide what policies it should adopt. Speaking ahead of a meeting of euro zone finance ministers in Brussels, where Greece will present a demand for an end to its international bailout and a transition to a new debt...