Greece on the verge of bankruptcy

Greece on the verge of bankruptcy

(VOVworld)- Greece’s central government has run out of money to pay debts now falling due. Meanwhile, negotiations for an aid package from the International Monetary Fund, the European Central Bank...
IMF will not allow Greece to delay its payments

IMF will not allow Greece to delay its payments

(VOVworld)- Christina Lagarde, Managing Director of the International Monetary Fund, said Thursday that the IMF will not allow Greece to delay payment of the 2.5 billion euro loan scheduled...
Greece meets April IMF payment

Greece meets April IMF payment

(VOVworld) – On Thursday Greece made a 495 million USD loan payment to the IMF, on scheduled according to a recent commitment
Greece pays part of IMF loans

Greece pays part of IMF loans

(VOVworld) – Greece has repaid 336 million euros (403 million USD) of its loan to the International Monetary Fund, one of its 3 creditors, despite ongoing financial challenges
Greece’s new cabinet line-up announced

Greece’s new cabinet line-up announced

(VOVworld) – Greek Prime Minister Alexis Tsipras has announced his new cabinet with Yanis Varoufakis as Finance Minister and Panos Kammenos as Defence Minister
IMF downgrades global growth forecast

IMF downgrades global growth forecast

(VOVworld) – The International Monetary Fund (IMF) has lowered its forecast for global economic growth for this year and next year. The IMF now expects growth of 3.5 per cent this...
World Economic Forum 2015: Several challenges

World Economic Forum 2015: Several challenges

(VOVworld) – The 45th World Economic Forum will take place in Davos, Switzerland, from January 21 to 24. Themed “New Global Context”, the forum will seek new approaches to ensure sustainable...
Global impacts from sanctions on Russia

Global impacts from sanctions on Russia

(VOVworld) – The ruble devaluation and the risk of economic recession in Russia are direct results of the West’s financial sanctions on Russia. VOV analyzes the effects of the Russian...