Debt News
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By AFP
Apo -
The EU and Italy on Wednesday called a truce in their bitter row over Rome's disputed 2019 budget, as the populist government accepted to put off signature reforms.
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By AFP
Rome -
Italy's government has reached a verbal agreement with the EU on the country's disputed 2019 budget following discussions with senior officials in Brussels, according to sources close to the government cited by Italian media Wednesday.
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By AFP
Atenas -
Greek lawmakers on Tuesday adopted the first budget free of foreign assistance in almost 10 years, predicting economic growth of 2.5 percent in 2019, better than the expected eurozone average.The budget includes 900 million euros ($1.
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By AFP
Paris -
European Economic Affairs Commissioner Pierre Moscovici said Tuesday he was working to avoid Italy being sanctioned over its 2019 budget, reiterating that Rome and Paris were not being held to two different standards.
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By AFP
Washington -
The International Monetary Fund board will meet to approve a new loan deal for Ukraine "promptly" after December 10, once the country implements key policy steps including raising gas and heating rates, IMF chief Christine Lagarde said Wednesday.
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By AFP
Male -
The Maldives foreign minister will visit Beijing before the end of 2018, officials said Wednesday, likely seeking to renegotiate the archipelago's Chinese debt.
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By AFP
Apo -
Exasperated eurozone finance ministers are expected to back Brussels in the row over Italy's budget on Monday, setting the stage for market turmoil not seen since the debt crisis.
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By AFP
Washington -
The International Monetary Fund executive board on Friday approved an increased loan package for Argentina worth $56 billion to help stabilize the crisis-battered country's economy and currency.The IMF said the approval released $5.
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By AFP
Washington -
The International Monetary Fund executive board on Friday approved a $56 billion loan package for Argentina to help stabilize the crisis-battered country's economy.The IMF said the approval released $5.7 billion to the government immediately.
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By AFP
Paris -
Italian Finance Minister Giovanni Tria said Thursday that his country was "not a problem" for the European Union, which he claimed could benefit from Rome's new budget strategy."Let me be clear, Italy is not a problem.
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By AFP
Milan -
A deadline loomed Monday for Italy to respond to EU criticism over its populist budget, which has drawn a costly downgrade from one credit agency amid fears for the wider eurozone.
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By AFP
Nusa Dua -
China's massive "Belt and Road Initiative" building push may create debt risks but is also responding to major infrastructure gaps in Asia and could boost global trade, World Bank officials say.
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By AFP
Washington -
The "financial enablers" of Venezuelan President Nicolas Maduro are profiting from the sale of resources belonging to that country's people, US Treasury Secretary Steven Mnuchin said Friday.
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By AFP
Rome -
Italy's powerful deputy prime minister Matteo Salvini said Saturday "I do not care" if the European Commission rejects a budget plan that would worsen Rome's already mammoth debt burden.
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By AFP
Milan -
The European Union on Friday issued a stern warning to Italy's populist leaders following their defiant pledge for increased spending and a sizeable budget deficit that risks putting Rome on a collision course with Brussels.
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By AFP
Milan -
Italy's populist government agreed Thursday on a deficit of 2.4-percent of gross domestic product in 2019, the leaders of the coalition parties announced.
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By AFP
Milan -
Italy's populist government agreed Thursday on a deficit of 2.4 percent of gross domestic product for the next three years in a move which risks setting Rome on a collision course with the European Commission.
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By AFP
Zurich -
The Bank of International Settlements said Sunday the global economy risked a "relapse" of the crisis that rocked it a decade ago, warning there was little "medicine" left to treat the patient a second time.
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By AFP
Apo -
Saudi Arabia's sovereign wealth fund said Monday it had secured its first ever international loan, boosting the kingdom's diversification drive after its flotation of state oil giant Aramco stalled.
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By AFP
Paris -
Italy must present a "credible budget" for the coming year, EU Commissioner Pierre Moscovici said Thursday, calling the anti-establishment government in Rome a "problem".
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By AFP
Bejing -
China's massive and expanding "Belt and Road" trade infrastructure project is running into speed bumps as some countries begin to grumble about being buried under Chinese debt.
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By AFP
Buenos Aires -
Argentina's Economy Minister Nicolas Dujovne heads to Washington on Monday to thrash out a hastily revised loan deal with the International Monetary Fund to help revive South America's second-largest economy.
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By AFP
Buenos Aires -
Argentina's Central Bank announced Thursday it has raised its benchmark interest rate from 45 to 60 percent in a bid to arrest a slide in the value of its currency.
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By AFP
Buenos Aires -
Argentina's President Mauricio Macri said Wednesday that the International Monetary Fund has agreed to accelerate funding in support of his government's austerity program, but the move did little to calm the market as the country's currency came under ...
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By AFP
Buenos Aires -
Argentina's President Mauricio Macri said Wednesday that the International Monetary Fund has agreed to accelerate funding in support of his government's austerity program, but his comments did little to calm the market as the country's currency came un...
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By AFP
Atenas -
Greek Prime Minister Alexis Tsipras called Tuesday a "day of redemption" as he hailed the end of his country's eight-year "Odyssey" of painful bailouts.
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By AFP
Atenas -
Greece turned a page on eight years of spending cuts and three straight international bailouts on Monday but experts warned that the country's economic challenges are far from over.
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By AFP
Atenas -
The youngest Greeks may not be able to remember what life was like beforehand: the third and last of the country's international bailouts comes to an end on Monday, and while Greece is faring better, it still bears the scars of eight years of austerity...
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By AFP
Apo -
Greece received on Monday the final 15-billion-euro payment from its eight-year bailout programme in what creditors hailed as proof that tough austerity measures were "paying off.
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By AFP
Frankfurt Am Main -
European Central Bank chief Mario Draghi on Thursday said Greece was "not eligible" to benefit from the bank's massive monthly bond purchases after the debt-laden country exits its bailout programme in August.
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