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IMF Head Lagarde says GDP surplus for Greece could be reached with absolutely heroic efforts by public’

IMF Director Christine Lagarde claimed that Greece’s economy could be salvaged, if the country’s debt was sustainable and it accelerated the necessary reforms, during a press conference held on Thursday. Ahead of Friday’s start of the IMF-World Bank meeting in Washington, Friday, the Fund’s head said the last thing Greece wanted would be any delays.

Video appears to show some kidnapped Chibok girls alive

A schoolmate says she cried with joy when she saw a Boko Haram video appearing to show some of Nigeria's kidnapped Chibok girls, with images of tearful parents recognizing their daughters, who have not been heard from since the mass abduction by the Islamic extremist group Boko Haram two years ago.
     

German newspaper: ‘Another Greek summer crisis’ ahead

German newspaper ‘Suddeutsche Zeitung’ claims Europe will face another Greek cisis in summer, citing Brussels officials in a piece titled ‘Continual repetition of crisis’. The newspaper warns that the economic conditions in Greece are deteriorating resulting in investors shunning the country.

Schauble: No debt haircut for Greece, IMF remains

German Finance Minister Wolfgang Schauble made it clear that there would be no concessions to Greece regarding the debt relief, in an interview to Reuters. ‘Last summer’s agreement is clear: if the first review of the program is successfully completed and we need to do something with debt sustainability, then we will do it’, said Schauble.

Greek Finance Min. Tsakalotos press conference on course of negotiations with Greece’s creditors

The Greek Finance Minister Euclid Tsakalotos is held a press conference explaining the Greek government’s moves regarding its negotiations with the country’s creditors. Alongside the Minister were also the Minister for Economy, George Stathakis and Labour Minister George Katrougalos.

ECB: We fully agree with the IMF on the need for a strong policy package

Good progress has been made in the negotiations between Greece and its lenders, the European Central Bank said.

According to ECB spokesman, the heads of the institutions will be in Washington and will return to Athens as soon as possible, after the end of IMF’s Spring Meeting.

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