Washington

Cuban officials and ordinary citizens alike hailed the island's removal from the U.S. list of state sponsors of terrorism, saying the move by President Barack Obama heals a decades-old insult to national pride and clears the way to swiftly restore diplomatic relations.

An exit from the eurozone would be ?very costly? for Greece, International Monetary Fund chief economist Olivier Blanchard has warned.

?We are working with the Greeks to try and find an acceptable compromise, a program which makes sense to both sides,? Blanchard told Bloomberg on the sidelines of the World Bank-IMF 2015 Spring Meetings in Washington Tuesday.

US Secretary of State John Kerry on April 15 welcomed a compromise with Congress on giving lawmakers a say on any final deal on Iran's nuclear programme.

Kerry said the measure approved April 14 by the Senate Foreign Relations Committee, which raises the threshold for critics in Congress to block any accord with Tehran, made him "confident" ahead of a June 30 deadline.    

President Barack Obama is set to remove Cuba from a list of state sponsors of terrorism, in a landmark step paving the way towards restoring ties frozen for five decades.

IMF: Recession to continue throughout 2015

WASHINGTON -- According to latest IMF projections, 2015 will be another recession year for Serbia, with negative growth of -0.5 percent.

2016 should see "recovery" and 1.5 percent growth, according to this.

As Greece?s cash reserves continue to dwindle, European officials indicated Tuesday that a lack of progress in negotiations between the Greek government and the country?s creditors meant it was unlikely a deal could be reached in time for a Eurogroup summit scheduled for April 24.

WASHINGTON - According to latest projections by the International Monetary Fund (IMF), 2015 will be another recession year for Serbia, with a real GDP growth of a negative -0.5 percent, and recovery, with a positive, 1.5 percent growth, should come in 2016.

U.S. Secretary of State John Kerry told skeptical Republicans and Democrats on April 13 that the U.S. Congress should give him another two and a half months to secure a final nuclear deal with Iran. 

By David Goodman

Greece?s bonds dropped, with yields on the country?s 2017 notes rising the most in two months, as negotiations over the future of its financing stoked concerns of renewed turmoil in the nation.

By Scott Lanman

As negotiations for Greek economic reforms drag on, a further ?crisis? can?t be ruled out, according to International Monetary Fund chief economist Olivier Blanchard.