International Monetary Fund (IMF)

The IMF cut its global growth forecasts for 2016 by 0.1 percent points to 3.10% Germany Producer Prices Index falls less than expected UK unemployment rate falls to 2005 lows at 4.90% in May Today’s Economic events…
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Creditors approve 10.3 billion euros in the bailout package for Greece. German Ifo sentiment points to increasing business optimism, and markets await BoC rate decision. Today’s Economic events Australia construction work done q/q…
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Surprisingly enough, Greece's position towards the reform package has changed radically. The Greek government sent a package of reform proposals to its euro zone creditors on Thursday, asking for 53.5 billion euros, a review of primary…
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Call it a default or simply 'arrears' but no matter how the issue is broached, the fact remains that Greece failed to repay the IMF, an amount of 1.5 billion Euros. The country also set one for the record books as it becomes the first…
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Bailout talks between the leftwing government and foreign lenders fail to save the country from a default. Greece closed its banks and imposed capital controls (which are likely to last for months) on Sunday, while people will be able to…
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The weekend, starting from late Friday evening saw some rapid developments on the Greece debt negotiations. With the IMF (and the ECB and EU) unrelenting on the Greek proposals, the Greece Prime Minister, Alexis Tsipras stunned the…
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Monday's Eurogroup meeting disappointed on all fronts as the markets geared up to see some kind of resolution to the Greece debt crisis. However, in the classic EU style, Eurogroup members decided to reconvene on Thursday, 25th of June with…
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The EURUSD appreciated in the last two days, even if the Greek situation went through critical moments. The Eurogroup leaders met on Thursday but didn’t manage to reach a deal. Jeroen Dijsselbloem (Eurogoup chief) still believes that it's…
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Is the EURUSD tendency rising? Probably, if we look at the daily chart, but even there the situation is not good. The technical evolution slopes towards the minimum day by day. The euro is wrestling with the Greek problems and the apparent…
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After the newspaper Bild reported that Germany is making preparations for a default and the IMF delegation left Brussels during the negotiations last week, an official (French, apparently) had stated that the last attempt to reach an…
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