The IMF has raised its estimate for global growth this year by 0.4% to 4.6%, reflecting a stronger-than-expected first half.
The spread on Spanish government bonds over German bunds reached an all-time high today on continued economic concerns for the Mediterranean country.
Greece has agreed the outline of a €24bn (£21bn) austerity package, including a three-year wage freeze for public sector workers, in return for a multibillion-euro loan from the eurozone and the International Monetary Fund, according to people familiar...
The International Monetary Fund (IMF)'s bailout of Greece will be worth between €10bn (£8.7bn)and €120bn, German politicians said following a meeting with IMF managing director Dominique Strauss-Kahn today.
The eurozone is not offering Greece enough cash to get it through the debt refinancing is faces this year, managers believe.