Economic Woes: The Uncertain Future of Ukraine's Finances

Economic Woes: The Uncertain Future of Ukraine's Finances

SPIEGEL ONLINE - February 28, 2014

With rapidly shrinking currency reserves and a capital flight problem, Ukraine faces an uncertain financial future. The IMF plans to send a "fact-finding mission" to Kiev next week, but will it be enough? By David Böcking more... Comment ]

Interview With George Soros: 'Greece Can Never Pay Back Its Debt'

Interview With George Soros: 'Greece Can Never Pay Back Its Debt'

SPIEGEL ONLINE - October 07, 2013

Should Greece have a large part of its debt waived? Absolutely, says George Soros, otherwise the country will never recover. The billionaire investor also warns about the rise of extremist parties if Germany does not change its policies towards Europe. By Gregor Peter Schmitz in Brussels more... Comment ]

'Germany Is Critical': IMF Calls on Berlin to Loosen Pocketbook

'Germany Is Critical': IMF Calls on Berlin to Loosen Pocketbook

SPIEGEL ONLINE - August 07, 2013

Germany has passed its annual fiscal health check by the International Monetary Fund, but the watchdog is warning that the country's overreliance on exports still makes it susceptible to external shocks. more...

'No Longer Necessary': Hungary Wants to Throw Out IMF

'No Longer Necessary': Hungary Wants to Throw Out IMF

SPIEGEL ONLINE - July 15, 2013

A long-running dispute between Hungary and the International Monetary Fund escalated on Monday when the head of the country's central bank called on the IMF to close its office in Budapest, saying it was no longer needed. more... Comment ]

'Notable Failures': IMF Admits Major Mistakes on Greek Bailout

'Notable Failures': IMF Admits Major Mistakes on Greek Bailout

SPIEGEL ONLINE - June 06, 2013

The International Monetary Fund conceded on Wednesday that it lowered its own standards on the Greek bailout, underestimating the effects of austerity and making overly optimistic projections for Greece's economy. more... Comment ]

Merkel Maligned: IMF Board Attacks Euro Crisis Management

Merkel Maligned: IMF Board Attacks Euro Crisis Management

SPIEGEL ONLINE - June 03, 2013

The EU's bailout of Cyprus has elicited unusually frank and vehement criticism from the finance experts grouped in the IMF's Executive Board. Their damning indictment at an IMF meeting in May reflects global skepticism, especially in emerging economies, about the euro zone's crisis management.  By Markus Dettmer and Christian Reiermann more... Comment ]

Developing World: Euro Loses Attraction as Reserve Currency

Developing World: Euro Loses Attraction as Reserve Currency

SPIEGEL ONLINE - April 01, 2013

Countries in the developing world are drastically reducing their euro holdings as economic instability in Europe leads them elsewhere to stock their currency reserves. Euro holdings are at their lowest level in a decade, according to the International Monetary Fund. more... Comment ]

Among Men: How Christine Lagarde Beat the Odds to Head IMF

Among Men: How Christine Lagarde Beat the Odds to Head IMF

SPIEGEL ONLINE - March 05, 2013

Christine Lagarde is the first woman ever to lead the International Monetary Fund. As part of her role in helping to save the euro, she's had to go head to head with some of the world's most important countries. She's not afraid of the fight and she doesn't give up easily. By Marc Hujer more...

Troika Travails: Split Emerges Over Cyprus Bailout Package

Troika Travails: Split Emerges Over Cyprus Bailout Package

SPIEGEL ONLINE - January 21, 2013

Cyprus is in urgent need of money from the euro rescue fund, but the troika responsible for the bailouts is split over how it should be structured. The IMF is worried that the country's debt load is not sustainable. By Christoph Pauly, Christian Reiermann and Christoph Schult more... Comment ]

Lagarde Warning: IMF Concerned about Possible German Austerity

Lagarde Warning: IMF Concerned about Possible German Austerity

SPIEGEL ONLINE - December 27, 2012

Germany should move slower on fiscal consolidation and savings to counteract the economic effects of austerity programs currently throttling growth in Southern Europe, argues Christine Lagarde. Still, the IMF chief remains cautiously optimistic about the euro-zone's economic prospects for the next year. more...