IMF

Samaras

Greece Now Has A Government

After weeks of uncertainty, a Greek government has emerged following talks between Greece's center-right New Democracy party, which won Sunday's parliamentary elections, and the smaller leftist parties that lost seats.
G20 Mexico Summit

G20 Summit To Promote Growth Over Merkel's Austerity Program

The statement, which is expected to be released later today, will undermine the efforts of German Chancellor Angela Merkel, who has become increasingly isolated among her peers over her insistence on an austerity-led European recovery program.
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Greek Election

Conservatives Claim Victory In Close Greek Vote

Greece's New Democracy conservatives are set to win the crucial election expected to determine the country's future in the euro zone, an official projection from the Interior Ministry showed Sunday night.
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Greek Election: Down To The Wire

The pro-bailout New Democracy Party and the anti-bailout far-left Syriza party are expected to finish in a dead heat.
International Business Times Logo

World economies prepare for panic after Greek polls

Authorities in the world's major economies are preparing for a possible market storm or public panic after cliffhanger Greek elections this weekend, officials said on Thursday, should radical leftists win and cast doubt on the nation's future in the euro zone.
Greece euro grexit

Greece Election 2012 - 'Referendum' On The Euro

At stake is the country's continued membership in the euro currency, and the future of the euro zone itself. Here is our handy guide to the key events and implications you can expect going forward.
IMF and U.S.

G-20 Preview: Big Bucks From BRICs For More IMF Influence

Something strange is going to take place next week at the G-20 summit: Europe, long accustomed to sending aid through the International Monetary Fund to developing nations, will pass a collection plate to many of those same countries. But to get such help, which could be as much as $105 billion from four major emerging economies, European nations will have to surrender some control of the IMF.
Inflationary Pressures Easing

Retail Sales, Manufacturing And Trifecta Of Inflation Data: Economic Events For June 11-15

This week's data releases could reignite hopes that the Federal Reserve will soon provide more policy stimulus. May's producer price index and consumer price index should show that inflationary pressures are easing, with the latter falling below the Fed's 2 percent target rate. Retail sales and industrial production figures for May are likely to come in on the soft side, as well.
German Chancellor Merkel arrives to make a statement at the Chancellery in Berlin

Merkel Seen Easing Stance Against Aid For Struggling Banks

German Chancellor Angela Merkel appears to have altered dramatically her long-held opposition to euro zone nations sharing responsibility for the debts of the monetary union's most troubled banks.
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G7 To Hold Emergency Talks Tuesday; Spain Top Concern

Finance chiefs of the Group of Seven leading industrialized powers will hold emergency talks on the euro zone debt crisis on Tuesday in a sign of heightened global alarm about strains in the 17-nation European currency area.

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