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Debt News

Eurozone fails to reach Greece debt deal amid IMF row

Brussels - Eurozone finance ministers failed to reach a deal for fresh bailout cash for Greece on Monday, as a row with the International Monetary Fund over debt relief dragged on.

Greek parliament approves new austerity measures 

Atenas - The Greek parliament late Thursday adopted a new round of austerity cuts which the government hopes will secure a pledge of debt relief and loan disbursements by EU-IMF creditors this month.The bill entails 4.9 billion euros ($5.

Greek police fire tear gas as anti-austerity protest turns violent

Atenas - Greek police fired tear gas Thursday as a thousands-strong demonstration in Athens against new austerity cuts turned violent with some hooded youths throwing Molotov cocktails.

Greeks mark May Day with strike, demos against fresh cuts

Atenas - Greek trade unions marked May Day on Monday with a 24-hour nationwide strike and protests against looming new cuts demanded by the country's creditors in return for bailout cash.

China targets debt risks, but does it mean business?

Shanghai - China has launched perhaps its most concerted push yet to clean up a toxic brew of unregulated and risky lending increasingly viewed as a threat to global financial stability, but do authorities really mean business this time? Analysts don't think so.

China targets debt risks, but does it mean business?

Shanghai - China has launched perhaps its most concerted push yet to clean up a toxic brew of unregulated and risky lending increasingly viewed as a threat to global financial stability, but do authorities really mean business this time? Analysts don't think so.

China targets debt risks, but does it mean business?

Shanghai - China has launched perhaps its most concerted push yet to clean up a toxic brew of unregulated and risky lending increasingly viewed as a threat to global financial stability, but do authorities really mean business this time? Analysts don't think so.

Greece 'on target' for May 22 fiscal deal: PM

Atenas - Greek Prime Minister Alexis Tsipras on Saturday said his government was "on target" for a May 22 fiscal deal with its creditors to enable the country to meet July loan payments.

Italy greenlights plan to cut deficit by 3.4 bn euros

Rome - Italy's debt-burdened government approved a package of economic reforms Tuesday designed to cut 3.4 billion euros from its deficit this year, Prime Minister Paolo Gentiloni said, following pressure from Brussels.

Greece wants eurozone summit if debt talks fail: Tsipras

Atenas - Greek Prime Minister Alexis Tsipras has said he will demand a eurozone summit if creditor talks on Friday fail to break months of deadlock over the country's debt and reform goals.

Euro MPs 'unanimously' condemn Eurogroup chief's no-show

Strasbourg - European Parliament lawmakers on Monday "unanimously condemned" the refusal by Eurogroup chief Jeroen Dijsselbloem to appear at a hearing on Greece this week.

Greece close to deal with creditors: parliament chief

Atenas - Greece is close to a long-delayed deal with its creditors after months of tough talks that have held up the payment of vital loans, a senior official has said.

Greece close to deal with creditors: parliament chief

Atenas - Greece is close to a long-delayed deal with its creditors after months of tough talks that have held up the payment of vital loans, a senior official has said.

Greece close to deal with creditors: parliament chief

Atenas - Greece is close to a long-delayed deal with its creditors after months of tough talks that have held up the payment of vital loans, a senior official has said.

Russia set to repay all Soviet Union's foreign debt

Moscow - A quarter of a century after the fall of the Soviet Union, Russia is finally set to pay off all the foreign debt it inherited from the vanished Communist empire.

S&P upgrades Russia outlook to positive

Paris - The Standard and Poor's agency raised its outlook for Russia's credit rating to "positive" from "stable" on Friday, citing improving growth prospects and a lower risk of large capital outflows.

Germany expects continued IMF aid for Greece

Berlin - Germany said Sunday that it expects the International Monetary Fund to continue participating in the bailout for debt-stricken Greece, despite the lender's doubts on the issue.

Five reasons the Greek debt crisis is back

Brussels - After Brexit stole the limelight last year, the spectre of Grexit is back.Greece, the eurozone and IMF are in a three-way Mexican stand-off over a review of the country's 86 billion bailout agreed in July 2015, its third since 2010.

Brussels talks fail to end Greece bailout impasse

Brussels - Talks between Greece and its creditors ended with no breakthrough Friday as months of feuding with the International Monetary Fund raised fears of a new debt crisis.

No reason for alarm over Greek debt: ESM

Brussels - There's no need for alarm over Greece's debt levels, a spokesman for the EU's rescue fund body told AFP Saturday, the day after a leaked IMF report described the problem as "explosive".

Debt traps threaten Nepal quake victims

Bhaktapur - Victims of Nepal's 2015 earthquake are at risk of slipping into debt as they face a second winter in temporary shelters, according to a monitoring group which says the government has been too slow to disperse reconstruction grants.

Debt traps threaten Nepal quake victims

Bhaktapur - Victims of Nepal's 2015 earthquake are at risk of slipping into debt as they face a second winter in temporary shelters, according to a monitoring group which says the government has been too slow to disperse reconstruction grants.

Debt traps threaten Nepal quake victims

Bhaktapur - Victims of Nepal's 2015 earthquake are at risk of slipping into debt as they face a second winter in temporary shelters, according to a monitoring group which says the government has been too slow to disperse reconstruction grants.

EU seeks to calm budget row with Greece

Atenas - Austerity-wracked Greece could strike a deal with its creditors by early next year, a senior EU official said Sunday, seeking to calm a recent row over surprise handouts announced by Athens.

Cuba offers rum to pay debt to Czech Republic

Prague - Cash-strapped Cuba has offered to pay its old debt to the Czech Republic with goods it can spare, including its coveted rum, the Czech finance ministry said Friday."The Cuban party as a possible solution presented a list of commodities...

Greece's Tsipras eyes 'breakthrough without blackmail' in debt row

Brussels - Greek Prime Minister Alexis Tsipras called Thursday for a "breakthrough without blackmail" in a row over the eurozone's decision to suspend debt relief over a pension spending hike by Athens.

Greece doesn't need more austerity, cuts went too far: IMF

Washington - Greece does not need more austerity at this time, and in fact spending cuts have gone too far already, two senior International Monetary Fund officials said Monday.

Thousands demonstrate in Greece over new budget cuts

Atenas - Thousands of Greek trade unionists demonstrated on Thursday against planned new cuts demanded by international creditors in a general strike that shut down several key sectors.

Eurozone agrees debt relief for Greece amid IMF row

Brussels - Eurozone finance ministers on Monday approved new debt relief measures to alleviate Greece's colossal debt mountain in the wake of its huge 86-billion-euro bailout, but at levels far short of those demanded by the IMF.

EU, IMF 'going in circles' on Greek debt relief

Brussels - Eurozone finance ministers meet Monday as far apart as ever on the debt relief measures demanded by the International Monetary Fund for it to back their bailout programme for Greece.
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Federal Reserve G20 Data Display in Ratio Line Chart
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Comparison of debt in countries with the Euro as currency
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Student embraced by Grim Reaper of Debt
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