IMF
EU urges Greece to stay in euro, but plans for possible exit
BRUSSELS - European Union leaders, advised by senior officials to prepare contingency plans in case Greece decides to quit the single currency, urged the country to stay the course on austerity and complete the reforms demanded under its bailout programme.
Strauss-Kahn countersuit: Opening the door to his sexual past?
NEW YORK - Former International Monetary Fund chief Dominique Strauss-Kahn struck back this week at the hotel maid who accused him of sexual assault with a sharply worded countersuit claiming defamation, but lawyers say the filing could backfire.
Greece must stick to bailout terms: Lagarde
WASHINGTON - Political leaders in Greece need to show the resolve to stay in the euro zone, which will require Athens to stick to the terms of its rescue package, International Monetary Fund Managing Director Christine Lagarde said on Thursday.
European shares mixed; Greece in focus
LONDON - The euro sank to near 15-week lows on Wednesday and commodity prices fell as political disarray in Greece deepened worries that the country may fail to stick to the terms of its EU/IMF bailout deal and could be forced to leave the common currency.
IMF shows new flexibility on fiscal austerity
WASHINGTON/ZURICH - The International Monetary Fund showed some new flexibility on Monday over how quickly it would press deeply indebted countries to bring their budgets under control if economic growth weakens.
Anti-austerity ballot backlash rattles euro zone
ATHENS/PARIS - An anti-austerity backlash by voters in Greece and France shook the euro zone on Monday, causing jitters for the euro currency and stock markets amid deepening doubts about whether Greece has a future in the single currency.
IMF chief: euro zone knows growth is important
ZURICH - The head of the International Monetary Fund said it was clear that euro zone member states understood the importance of generating growth, adding that she believed the euro zone would remain in a solid state down the road.
Attempt to form Greece government fails after shock poll
ATHENS - A first attempt to form a new Greek government collapsed in less than a day on Monday after a shock election which left gaping questions over the country's ability to avert bankruptcy and stay in the euro.
Anti-austerity ballot backlash rattles euro zone
ATHENS/PARIS - An anti-austerity backlash by voters in Greece and France shook the euro zone on Monday, causing jitters for the euro currency and stock markets amid deepening doubts about whether Greece has a future in the single currency area.
Nikkei dips in thin volume, caution reigns ahead of BOJ
TOKYO - Japan's Nikkei share average dipped on Monday after financial leaders' pledge to raise the size of the IMF's firewall failed to ignite risk appetite, and as investors grew cautious ahead of Bank of Japan and U.S. Federal Reserve policy meetings this week.
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