IMF warns of huge financial hole as Greek vote looms


ATHENS/WASHINGTON - 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. | Video

IMF reaches agreement with Ukraine on policies needed for disbursement

WASHINGTON - The International Monetary Fund said on Thursday it had reached a staff-level agreement with Ukraine on the policies needed for the global lender to disburse $1.7 billion (1 billion pounds) under a loan programme.

Business, 02 Jul 2015

IMF warns Greece needs debt extension, may require writedown

WASHINGTON - 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.

Business, World 02 Jul 2015

IMF's Lagarde says Greece must reform before debt relief

WASHINGTON - One day after Greece became the first developed economy to default on a loan with the International Monetary Fund, the head of the international lender on Wednesday suggested Greece should move to reform its economy before its European creditors give it a break on its debt.

Business, World 01 Jul 2015

Poll - Big U.S. investors expect Greeks to vote in favour of bailout

- U.S. investors expect Greek citizens to back a cash-for-reforms deal proposed by the nation's creditors in a July 5 referendum, according to a Reuters poll conducted this week.

Business, 01 Jul 2015

Greece's IMF default does not impact EFSF bondholders

BRUSSELS - Greece's default on its International Monetary Fund loans does not affect the euro zone bailout fund's capacity to repay its bondholders, the fund said on Wednesday.

Business, World, 01 Jul 2015

Euro burdened by Greece, uncertainty high

SYDNEY - The euro remained on the defensive in Asia on Wednesday as Greece became the first developed economy to default on a loan with the IMF, setting the scene for another day of uneasy action in markets.

Business, FXpert 01 Jul 2015

ECB's Nowotny - Greek failure to pay IMF not the same as default

VIENNA - Greece has not repaid money to the International Monetary Fund that was due on Tuesday, a European Central Bank policy maker said, describing this as a delay in repayment rather than a default.

Business, World, 30 Jun 2015

Greek government asked IMF for delay in repayment of 1.6 billion euros - newspaper

BERLIN - The Greek government has submitted an application to the International Monetary Fund (IMF) calling for a delay in the repayment of 1.6 billion euros, German newspaper Bild said on Tuesday, without naming its sources.

Business, World, 30 Jun 2015

"No way" Eurogroup will release funds for Greek IMF payment - source

BRUSSELS - There is "no way" euro zone finance ministers will release funds for Greece to meet a crucial payment to the International Monetary Fund due by midnight (2200 GMT) to avoid a default, a euro zone official said on Tuesday.

Business, World, 30 Jun 2015