05 Dec '11, 8pm

IMF approves 2.2 billion euros for Greece

IMF approves 2.2 billion euros for Greece

WASHINGTON: The IMF on Monday released 2.2 billion euros ($3.96 billion) in rescue funds for Greece, giving a nod to new Prime Minister Lucas Papademos's commitment to a tough reform program. Delayed for months by political turmoil that led to the early November downfall of prime minister George Papandreou, the move opens the way for the European Union to release its 5.8 billion euro share of the latest bailout installment. The funds could help Athens to avoid a looming default on its debt that many fear could crack the 17-nation eurozone. But International Monetary Fund managing director Christine Lagarde also stressed that a restructuring of Greek sovereign debt by private banks, aimed at saving Athens 100 billion euros, was crucial to stabilizing its finances. "Near-universal participation in the proposed private debt exchange will be important to realize a sustainable ...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

Tweets

Cambodia economy to grow 7% in 2012: IMF

todayonline.com 08 Dec '11, 5pm

WASHINGTON - The International Monetary Fund said on Thursday that Cambodia's economy is set to grow by 7.25 per cent next...

Luxury Estate in North Athens - Athens, Attica, Greece - €1,100,000 EUR

Luxury Estate in North Athens - Athens, Attica,...

luxuryrealestate.com 04 Dec '11, 5am

To the fullest extent permissible pursuant to applicable law, this web site and the materials are provided on an "as is" a...

MediaTek sales to top NT$9 billion in November

digitimes.com 05 Dec '11, 7am

MediaTek reportedly has enjoyed brisk demand for its MT6573 smartphone solution - targeting low-cost smartphones. In parti...

Machinima Receives A Billion Views In A Month: Machinima, one of the top channels on YouTube, just announced the...

Machinima Receives A Billion Views In A Month: ...

reelseo.com 06 Dec '11, 8pm

Machinima, one of the top channels on YouTube, just announced they reached over a billion views in the month of November, ...