It is unlikely Greece will leave euro, and the country will move from crisis...
The euro is as much a political project as it is an economic one. Given this, chances are in the days to come a deal will be hammered out between Greece and the economic troika The post It is unlikely...
View ArticleGreek PM Alexis Tsipras vows to go ahead with controversial bailout referendum
Greek Prime Minister Alexis Tsipras has vowed to press ahead with a controversial bailout referendum as European leaders ruled out any fresh debt offer before Sunday's vote. The post Greek PM Alexis...
View ArticleNo point in retaining Greece: Allow it to exit euro for quicker resolution of...
The question that Alexis Tspiras’ government will have to ask itself is after exiting the euro whether it can actually go slow on austerity and keep spending more drachmas, where there are no...
View ArticleGreece crisis: IMF warns country would need $40 billion more if growth slows
The International Monetary Fund warned on Thursday that Greece would need an extension of its European Union loans and potentially a large debt writeoff if it grows more slowly than expected and...
View ArticleGreek referendum: ‘Yes’ has a slight lead but it is a close call, shows...
Already, Tsipras' coalition is crumbling as a succession of deputies from the right-wing Independent Greeks, his junior partners, have backed the 'Yes' vote The post Greek referendum: ‘Yes’ has a...
View ArticleFinancial future at stake: Greece set to vote in historic bailout referendum
In a historic, rushed referendum that looks too close to call, Greece is voting whether to accept worsening austerity or back the government's rejection. The post Financial future at stake: Greece set...
View ArticleEurozone in limbo as Greece votes on high-stakes bailout referendum today
Greece and the entire eurozone are in limbo as the country votes in a crucial referendum on bailout conditions on Sunday. The post Eurozone in limbo as Greece votes on high-stakes bailout referendum...
View ArticleEuclid Tsakalotos takes over as Greek FM after Yanis Varoufakis quits
The leftist economist and lawmaker of the ruling Syriza party replaces flamboyant fellow economist Yanis Varoufakis, who stepped down earlier Monday. The post Euclid Tsakalotos takes over as Greek FM...
View ArticleNew offer to Greece may have stringent conditions, next 48 hours crucial
Creditors' resistance to softening terms remains high The post New offer to Greece may have stringent conditions, next 48 hours crucial appeared first on Firstpost.
View ArticleIndia to beat China again as fastest-growing in 2016: IMF
China was the fastest growing economy in 2014 at 7.4 percent as against India's 7.3 percent, as per the IMF data. The post India to beat China again as fastest-growing in 2016: IMF appeared first on...
View ArticleDebt crisis: Rescued Greece and euro will live today to die another day
The 82-86 billion euro bailout of Greece has essentially managed to kick the can down the road The post Debt crisis: Rescued Greece and euro will live today to die another day appeared first on...
View ArticleDebt crisis: Greek parliament approves austerity steps for bailout amid...
Tsipras said there was no alternative to the package, which he acknowledged would cause hardship, but he stood by the decision The post Debt crisis: Greek parliament approves austerity steps for...
View ArticleGreece Parliament approves harsh reforms with huge majority; bailout talks to...
Following repayments to European creditors and the International Monetary Fund, Eurostat said Greece's debt fell to 301 billion euros at the end of the first quarter from 317 billion at the end of 2014...
View ArticleMission Impossible: Rogue Nation review: Thrills, chills, wicked heroine and...
Mission Impossible Rogue Nation takes care of all the expected elements, including the stunts, spy gadgets and the one masterstroke from Cruise that will save the day The post Mission Impossible: Rogue...
View ArticleChina devalues Yuan again sparking fears of Asian currency war
Faced with sluggish economic growth and dwindling exports, China on Wednesday devalued its currency for the second consecutive day, sending fresh shockwaves through global markets and fuelling fears of...
View ArticleSlide continues: Investors are freaking out over yuan being devalued. Here’s why
WASHINGTON: China's currency fell further Wednesday, keeping global investors on edge. The yuan slid 1.6 percent on top of a 1.9 percent drop engineered Tuesday by the Chinese government. The...
View ArticleGovt seeks Parliament’s approval for gross additional expenditure of over Rs...
Government on Friday sought Parliament's approval for gross additional expenditure of over Rs 1.12 lakh crore as part of the third and final batch of Supplementary Demands for Grants for this fiscal, a...
View ArticleFragile global economy: IMF’s Lagarde seeks growth-friendly monetary, fiscal...
International Monetary Fund (IMF) Managing Director Christine Lagarde on Saturday urged Asian nations to employ growth-friendly monetary and fiscal policies to counter challenges posed by a fragile...
View ArticleIMF’s Lagarde and FM Jaitley sign MoU to set up regional technical assistance...
India and the International Monetary Fund (IMF) on Saturday decided to set up a regional training and technical assistance centre in the capital with a view to enhancing capacity development and...
View ArticleFull text of PM Modi’s speech at the ‘Advancing Asia Conference’ organised by...
Prime Minister Narendra Modi addressed the "Advancing Asia Conference" in Delhi organized by the government of India and the International Monetary Fund on Saturday. The post Full text of PM Modi’s...
View Article
