International Monetary Fund

Regained credibility

It is happening sooner than anticipated: Two major Greek companies - namely oil refiner Hellenic Petroleum and OTE telecom - are preparing to borrow hundreds of millions of euros from the markets. Meanwhile, the country is about to rid itself of the expensive loans granted by the International Monetary Fund and plans to tap financial markets.

The European Parliament Backed Christine Lagarde as ECB chief

The European Parliament has voted Christine Lagarde's nomination as President of the European Central Bank.

Lawmakers voted 394 in favour, 206 against and with 49 abstentions in the parliament's plenary in Strasbourg.

The approval of Lagarde's nomination is uncertain, as the final decision on her appointment is taken by the European Council.

The Nomination of Lagarde for President of the ECB Will be Voted Today

Today, MEPs will vote on the nomination of Christine Lagarde as President of the European Central Bank. 

Before the secret ballot there will be a debate in the plenary.

The European Parliament expresses its opinion on whether the candidate is suitable for the post, with the final decision being taken by the European Council.

Mitsotakis: Greece submitted request for early repayment of IMF loan

Prime Minister Kyriakos Mitsotakis said Monday that Greece has submitted its request for an early repayment of a chunk of its expensive loan from the International Monetary Fund (IMF), noting that the move "enhances the country's credibility, improves public debt sustainability indicators and saves resources for the Greek state."

"As early as of December, the average salary will amount to 500 euros"

He said in an interview for daily "Blic" that the increase in the public sector would follow from the November salary, which is paid in December.
"Talks with the IMF are currently underway, and we are encouraged by a budget surplus of RSD 46.6 billion in August," Mali said.

France Wants the EU to Create Its Own Digital Currency and Ban Facebook’s Cryptocurrency

France has proposed the EU to create its own national digital currency and abandon the use of Facebook's Libra cryptocurrency to protect its financial sovereignty. This was stated today by French Finance Minister Bruno Le Maire on his arrival at the meeting of the European finance ministers in Helsinki, BTA quoted Reuters and TASS as saying.