Greece Archives - CFO

IMF Sets Debt Relief as a Condition for Greek Bailout

IMF Sets Debt Relief as a Condition for Greek Bailout

The fund has been pushing for a restructuring as a condition of giving its support to Greece's latest bailout package.

By Matthew Heller | May 23, 2016

IMF Changes Rules to Avoid Large Bailout Loans

IMF Changes Rules to Avoid Large Bailout Loans

The fund now has the option of short-term debt 're-profiling' for countries whose bailout needs exceed normal IMF borrowing levels.

By Matthew Heller | February 1, 2016

Hoarders Once Again

Hoarders Once Again

Many companies are back to the habit of holding on tightly to their cash reserves. Is a softening in business confidence to blame?

By Vincent Ryan | July 27, 2015

Greece, Creditors Reach Conditional Deal

Greece, Creditors Reach Conditional Deal

"Clearly, the Europe of austerity has won," said Greece's reform minister.

By Katie Kuehner-Hebert | July 13, 2015

IMF Trims 2015 World Growth Forecast

IMF Trims 2015 World Growth Forecast

The IMF forecasts lower annual global growth in 2015 largely due to the impact of weaker first-quarter growth in advanced economies.

By Katie Kuehner-Hebert | July 9, 2015

EU To Hold Emergency Summit About Greece

EU To Hold Emergency Summit About Greece

While the Greek finance minister says he has made a credible offer to creditors, 19 EU leaders will meet for discussions at "the highest political levels."

By Katie Kuehner-Hebert | June 19, 2015

Greek Debt Default Looking More Likely

Global Business

Greek Debt Default Looking More Likely

Weekend talks break down after after Greece claims creditors’ representatives had no authority to negotiate a deal.

By Katie Kuehner-Hebert | June 15, 2015

EU Officials Mulling Possible Greek Debt Default

Global Business

EU Officials Mulling Possible Greek Debt Default

Discussions between EU and Greece bring up possibility of default at end of this month.

By Katie Kuehner-Hebert | June 12, 2015

Greece Buys Time to Make $216M Debt Payment

Greece Buys Time to Make $216M Debt Payment

Greece has until June 30 to pay the International Monetary Fund a total of 1.5 billion euros.

By Matthew Heller | June 5, 2015

IMF Economists Say ‘Just Live With’ Debt

IMF Economists Say ‘Just Live With’ Debt

While some countries face 'debt sustainability constraints' that leave them no choice but to pay down debt, others can fund themselves at very low rates.

By Matthew Heller | June 3, 2015

Greece Finds Money to Meet Debt Deadline

Global Business

Greece Finds Money to Meet Debt Deadline

The IMF's Christine LaGarde welcomes confirmation that a $505 million payment would beat Greece's debt deadline.

By Katie Kuehner-Hebert | April 6, 2015

Greek Cash Crisis Heading for Crunch Time?

Greek Cash Crisis Heading for Crunch Time?

Greece reverses course and says it will indeed make its 450 million euro payment to the International Monetary Fund on April 9.

By Matthew Heller | April 3, 2015

Greece Turning to Bank Rescue Fund for Lifeline

Greece Turning to Bank Rescue Fund for Lifeline

A cash crunch will force the Greek government to tap the €50 billion Hellenic Financial Stability Fund.

By Matthew Heller | March 10, 2015

European Central Bank Aims to Kickstart Inflation

European Central Bank Aims to Kickstart Inflation

The ECB's bond buying program starts on March 9, but ECB economists have already raised growth forecasts for the euro zone.

By Katie Kuehner-Hebert | March 5, 2015

Greece: Compromises Lead to Four-Month Extension

Greece: Compromises Lead to Four-Month Extension

A new compromise deal to extend the euro zone bailout is approved by European finance ministers.

By Katie Kuehner-Hebert | February 24, 2015