The Greek Government has told the International Monetary Fund (IMF) it will not be making any loan repayments by imposed repayment deadlines. The news was confirmed in a statement released from the office of Greek […]
Tag: IMF
Greek Banks Near Collapse As 700 Million Euros Leaves Country In One Day
The Greek government may have felt good going into the weekend about stiffing the IMF of a debt payment this week yet the country continued to edge closer to a financial catastrophe. The latest indication […]
Greece Doesn’t Have Enough Money To Make June IMF Loan Repayment, Faces Default
Greece’s interior minister said on Sunday that the struggling European country cannot make debt repayments to the International Monetary Fund (IMF) next month unless it achieves a deal with creditors. The comments are the more […]
Russia Creates International Fund To Bail Out… Itself?
Russian despot Vladimir Putin completed an agreement Saturday to set up a $100-billion reserve fund for the so-called BRICS — the five leading emerging economies that include Russia, China, Brazil, India and South Africa. The […]