Five years later, after the biggest bailout in the fund’s history, Greece failed to make a USD 1.7 billion payment as required at the end of June – the first advanced economy ever to default on the IMF. Worse, after having received more than 240 billion euros in international aid, Greece economy is still in tatters.
Posts tagged MC
How the IMF’s misadventure in Greece is changing the fund (29-08-2015)
Innovation vital to beat competition: Dunkin Donuts COO (29-08-2015)
According to Dev Amritesh, Presedent and COO, Dunkin Donuts to keep competition at bay or be one-step ahead, it is imperative to constantly innovate and reinvent.
Fed yet to decide on hike; China not a concern: Fischer (29-08-2015)
Stanley Fischer, Vice Chairman of the US Federal Reserve says the Federal Reserve still has two weeks to decide on rate hike and would wait for the incoming economic data before taking a call.
Less than 50% chance of Sep Fed hike: CNBC’s Steve Liesman (29-08-2015)
CNBC’s Steve Liesman who is one of the very few journalists allowed to attend the symposium (Jackson Hole) is of the view that Fed is likely to hike rates in December than September.
Less than 50% chance of Sep Fed hike: CNBC’s Steve Liesman (29-08-2015)
CNBC’s Steve Liesman who is one of the very few journalists allowed to attend the symposium (Jackson Hole) is of the view that Fed is likely to hike rates in December than September.
Maha looks to bring sustainable water, irrigation practices (29-08-2015)
The state government has decided to make a district irrigation plan (DIP) to expand cultivable area under assured irrigation.
Carlyle looks to sell Landmark Aviation for $1.7 bn (29-08-2015)
Carlyle initially looked at cashing out of Landmark via a stock market listing, but in the past few months has broadened out that process to include a possible outright sale.
Fed says rate hike next month hinges on market volatility (29-08-2015)
Some top policymakers, including Fed Vice Chairman Stanley Fischer, said recent volatility in global markets could quickly ease and possibly pave the way for the US rate hike, for which investors, governments and central banks around the world are bracing.
Prez-elect of UN General Assembly on 4-day visit from today (29-08-2015)
India has been demanding membership of the UN Security Council and the issue of reform of the global body is likely to figure during Lykketoft’s meetings with leaders here.
Shaktikanta Das appointed Economic Affairs Secretary (29-08-2015)
These new names were approved by the Appointments Committee of Cabinet headed by Prime Minister Narendra Modi. Das, a 1980 batch Tamil Nadu cadre officer, was holding the post of Revenue Secretary and will assume charge after the retirement of current Economic Affairs Secretary Rajiv Mehrishi on August 31 this yea