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... [ Forum ]
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...
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... [ Forum ]
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...
SPIEGEL ONLINE
- November 26, 2012
The International Monetary Fund believes that the only way to reduce Greek debt to a sustainable level is by way of a debt haircut involving the country's government creditors. But with an election approaching, Germany has refused to consider the proposal. Reality is on the IMF's side. By SPIEGEL Staff
more... [ Forum ]
SPIEGEL ONLINE
- November 21, 2012
Euro-zone finance ministers meeting in Brussels this week have been unable to reach an agreement with the International Monetary Fund on how to ensure that Greece's debt load comes down to manageable levels. Germany and other European countries continue to reject a new debt haircut. The standoff could become dangerous. more... [ Forum ]
SPIEGEL ONLINE
- November 19, 2012
With elections approaching in 2013, Berlin is blocking a workable solution for Greece. German leaders are eager to avoid angering voters by giving more money to Athens, but their European partners are losing their patience. By Sven Böll, Christoph Schult and Anne Seith more... [ Forum ]
SPIEGEL ONLINE
- November 13, 2012
Euro-zone finance ministers agreed on Monday to give Greece two more years to meet its budget goals, but this was overshadowed by a rift between the ministers and the International Monetary Fund over whether Greece should get a further debt cut. German commentators say the crisis could boil over again. more...
SPIEGEL ONLINE
- October 29, 2012
Greece's international creditors are calling for a new debt haircut for the country so as to bring down its massive debt load. This time, however, taxpayer money from Germany and other donor countries would be involved. Resistance, not surprisingly, is substantial. more... [ Forum ]
SPIEGEL ONLINE
- October 24, 2012
A German newspaper on Wednesday is reporting that Greece's creditors will grant the heavily indebted country two more years to meet its budget targets. Despite high-level denials, momentum appears to be growing for such a delay, which would necessitate further aid to Athens. more... [ Forum ]
