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Debt News

IMF takes 'unusual' steps for Greece

Washington - By promising Thursday to approve a new aid plan for Greece, but without releasing any money, the IMF has again departed from its usual procedures to support Athens, exposing itself to accusations of giving the country special treatment.

Puerto Ricans back full US statehood but vote marred by abstentions

San Juan - Puerto Rico's referendum on statehood delivered a lackluster turnout Sunday, with almost four fifths of voters deciding not to cast a ballot, though those who did unanimously backed the territory becoming a US state.

Greek families left struggling after successive cuts

Atenas - In the living room of his small Athens flat, 40-year-old Dimitris Voutsinos scours the web for job ads -- one of thousands struggling to cope as Greece's economic crisis endures.

IMF's Greek compromise could break impasse on aid deal

Washington - The IMF's proposed compromise on Greece raises hopes it will break a deadlock with Europe next week and open the way for the release of desperately needed funds for Athens, averting a renewed crisis in July.

IMF: Greece compromise could avoid July crisis

Washington - A compromise the IMF offered to break the deadlock with Europe over financing for Greece could avoid a renewed crisis in the country in July, a fund spokesman said Thursday.

Puerto Rico, a US cousin, mulls its status and identity

San Juan - "How pretty is the flag, is the flag of Puerto Rico!

Puerto Rico crisis hits public education -- a way out for the poor

San Juan - Beraliz Germocen still can't believe she won a scholarship to the University of Puerto Rico, but her dream school has been closed by weeks of student strikes, threatening her ticket out of poverty.

Puerto Rico's bankruptcy leaves US island facing hard times

San Juan - In San Juan, chants of "the debt is illegal" and "colonial dictatorship" fill the morning air, as students from the University of Puerto Rico block a palm-lined avenue.

Greece says 'confident' of 'good solution' in June on debt

Atenas - Greece's finance minister Euclid Tsakalotos on Monday said he was "confident" that an upcoming eurozone meeting would reach a "good solution" on debt relief, whilst calling on creditors to end their "procrastination"."We're looking for a good solution....

Greece says 'confident' of 'good solution' in June on debt

Atenas - Greece's finance minister Euclid Tsakalotos on Monday said he was "confident" that an upcoming eurozone meeting would reach a "good solution" on debt relief, whilst calling on creditors to end their "procrastination"."We're looking for a good solution....

Greece says 'confident' of 'good solution' in June on debt

Atenas - Greece's finance minister Euclid Tsakalotos on Monday said he was "confident" that an upcoming eurozone meeting would reach a "good solution" on debt relief, whilst calling on creditors to end their "procrastination"."We're looking for a good solution....

Moody's cuts China's rating on debt concerns

Bejing - Moody's ratings agency downgraded China's credit score on Wednesday, warning that economy-wide debt is expected to rise as potential economic growth slows over the coming years.

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.
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New Jersey s baboon is finally captured.
New Jersey's baboon is finally captured.
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Federal Reserve G20 Data Display in Ratio Line Chart
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Student embraced by Grim Reaper of Debt
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Increasing price of textbooks on students.
President Barack Obama signs the Budget Control Act of 2011 in the Oval Office  Aug. 2  2011
President Barack Obama signs the Budget Control Act of 2011 in the Oval Office, Aug. 2, 2011
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