Tag: IMF

JP Morgan chief warns: “we should be stockpiling bullets” in a dangerous world, as he predicts economic collapse within months

Head of world's biggest bank warns: “we should be stockpiling bullets” in a dangerous world, predicting economic collapse within months

The head of the world’s largest bank has issued one of his most alarming forecasts yet, warning that investors are underestimating the risk of a severe stock market correction and suggesting the global financial system is heading towards a “once-in-a-generation reset.”

IMF Criticises Greek Judiciary as EU’s Slowest, Urges Major Reforms

Greece’s judicial system ranks as the slowest in the EU, with civil and commercial cases taking over three years to resolve, according to a new IMF report. The delays are seen as a major barrier to economic growth and legal certainty, prompting calls for urgent reforms including specialized courts, digitization, and streamlined procedures.

IMF Chief Hails Greece as a Model for Global Economic Progress

IMF Managing Director Kristalina Georgieva praised Greece’s economic transformation during a meeting with Finance Minister Kyriakos Pierrakakis, calling the country a model for global progress. Highlighting strong growth, fiscal discipline, and digital reforms, Georgieva said Greece has become one of the EU’s best-performing economies.

Greece to Repay First Bailout Loans a Decade Early, Signaling Economic Recovery

Greece is poised to repay its first bailout loans a decade early, targeting full clearance by 2031, government officials revealed. With annual €5 billion installments, the nation aims to shed its status as the EU’s most indebted country, leveraging a €37 billion cash reserve and robust fiscal gains. Finance Minister Kyriakos Pierrakakis called the plan “realistic,” signaling Greece’s steady recovery from the 2009-2018 debt crisis that nearly upended the eurozone.

PM Mitsotakis: Greece to Repay €5 Billion in Bailout Loans by 2025

Greece will repay €5 billion in eurozone bailout loans by 2025, continuing its early repayment efforts as the economy recovers from its debt crisis. Prime Minister Kyriakos Mitsotakis also criticised the wide energy price disparities within the EU, calling the current market framework “unacceptable” and urging the creation of a bloc-wide energy regulator.

Handelsblatt Reports Significant Progress in Greece’s Debt Reduction

The German newspaper Handelsblatt reports that Greece has made significant progress in reducing public debt, with the government planning an early €8 billion repayment to creditors this December. Economy and Finance Minister Kostis Hatzidakis announced that this payment aims to further decrease the debt ratio, which has fallen from 209% of GDP in 2020 to 163.9% in 2023. Forecasts from the IMF and credit rating agency Scope suggest that Greece’s public debt could drop to 139.4% and 132.8% of GDP, respectively, by 2029.

Greek Economy Minister Hatzidakis Heads to Washington for Key IMF and World Bank Meetings

Greek National Economy and Finance Minister Kostis Hatzidakis will attend the annual IMF and World Bank meetings in Washington this week. He will participate in key discussions on climate action, the global economy, and Ukraine. Hatzidakis will also hold talks with IMF Managing Director Kristalina Georgieva and meet with top investment and banking leaders.

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