Imf News

Comparisons with sports events seem to become real ways to describe political events in Washington. Events were moving faster than the two-minute drill by a no huddle offense.

Despite the Greek government dancing to the tune of international creditors and slashing wages and pensions across Greece, there are now reports that the troika is demanding further cuts to the minimum wage.

Ashraf al-Arabia, the Egyptian interim governments planning minister, has said that while aid from Arab states will help Egypt through its transition period, Egypt will not need to undergo a restart in negotiations with the IMF for monetary aid.

Cairo - The selection of Hazem el-Beblawi as the Egyptian prime minister and Mohamed ElBaradei as vice-president for foreign affairs ensures that a loan will likely be ratified with the IMF.

The International Monetary Fund (IMF) has released a report on the Greek bailout which draws the obvious conclusion that it managed to screw up as far as the Greek economy was concerned.

Frankfurt - Angry protesters have occupied the European Central Bank (ECB) in Frankfurt, effectively stopping people from going to work. The beef of the Blockupy Frankfurt Movement is the mishandling of the crisis by the EU's financial institutions.

Tripoli - The International Monetary Fund warns Libya of the dangers of a recently-enacted law that would ban interest in financial transactions without having developed a framework for Shari'a compliant institutions.

Amsterdam - Christine Lagarde barely got a chance to open her mouth when giving a lecture at the University of Amsterdam, when student hecklers rose up and started a typical Occupy mic check.

Athens - That’s the opinion of a United Nations expert who warned yesterday that some of the austerity measures imposed on the Greek economy undermine Greek citizens’ access to jobs, health, water and energy.

Buenos Aires - Hernán Lorenzino, Minister of Economy in the government of Cristina Fernández, interrupted an interview with Greek Skai TV after he couldn’t come up with a coherent explanation about inflation in Argentina.