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  • Day of reckoning for Greek banks and the ECB Sunday, 5 Jul 2015 | 8:08 AM ET
    A woman talks to a police officer as she waits outside a national Bank branch, as banks only opened for pensioners to allow them to get their pensions, with a limit of 120 euros.

    No matter which way the Greek vote goes, the European Central Bank on Monday will face a series of agonizing decisions.

  • Tsipras' high-stakes standoff with lenders— the European Union and the International Monetary Fund— resulted in Greece defaulting on its debts this past week and shutting down banks to avoid their collapse, and lose access to billions of euros after an existing bailout deal expired. Aris Spiliotopoulos, a 22- year-old who is launching his own tourism start-up,...

  • Greek banks plan 'haircut' on deposits Saturday, 4 Jul 2015 | 6:38 AM ET

    Greek banks are preparing contingency plans for a possible "bail-in" of depositors, sources said. The FT reports.

  • *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 question does not address the future of the euro currency— which many believe is at stake— or the future of Greece's relationship with the 28- nation European Union. "Should the plan of agreement, which was submitted by the European Commission, the European Central Bank and the International Monetary Fund in the Eurogroup of 25.06. 2015 and is comprised of two...

  • 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,...

  • In a televised address on Friday, Tsipras said a report by the International Monetary Fund which arguing that Greece's massive public debt could not be sustained without significant writedowns vindicated his advice to reject the lenders' terms. Repeating his assault on European partners he accused of blackmailing and issuing ultimatums to Greece, the...

  • Correction: Greece-Bailout story Friday, 3 Jul 2015 | 9:00 AM ET

    ATHENS, Greece— In a story July 2 about the Greek referendum, The Associated Press reported erroneously that the International Monetary Fund had said Greece would need debt relief worth 50 billion euros. The IMF said Greece needs new financing worth 50 billion euros as well as debt relief. ATHENS, Greece— Costas Christoforidis hasn't decided how to vote in...

  • 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. Chief executive Klaus Regling made the recommendation rather than two other options- waiving the debt or demanding...

  • 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...

  • How the Dow Jones industrial average fared on Thursday Thursday, 2 Jul 2015 | 5:04 PM ET

    Stocks ended a tumultuous trading week with a slight loss on Thursday as investors sought safety ahead of an extended Independence Day weekend. Investors sold after the release of a downbeat report from the International Monetary Fund on Greece's finances as the country prepares for a Sunday vote on terms of its bailout. U.S. markets will be closed Friday.

  • *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...

  • *Warning that vote will decide Greece's future in Europe. ATHENS/ WASHINGTON, July 2- The International Monetary Fund delivered a stark warning on Thursday of the huge financial hole facing Greece as angry and uncertain voters prepare for a referendum that could decide their country's future in Europe. Days after Greece defaulted on part of its IMF debt, the Fund,...

  • 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,...

  • DHAKA, July 2- The World Bank has upgraded Bangladesh, Kenya, Myanmar, and Tajikistan to its lower middle income classification from least developed countries while South Sudan has fallen back into the low-income group. Mongolia and Paraguay moved from lower middle-income status to upper middle-income, where income is $4,126 to $12,735 a year, the bank said,...

  • The case for Greece: when it forgave Germany's debt Thursday, 2 Jul 2015 | 11:46 AM ET

    The International Monetary Fund certainly thinks so, according to a new report in which it argues Greece should get help. But Germany, another major creditor to Greece, is resisting, even though it knows better than most what debt relief can achieve. The 1953 agreement, in which Greece and about 20 other countries effectively wrote off a large chunk of Germany's...

  • 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...