Displaying items by tag: imf

 Staff teams from the European Commission (EC), European Central Bank (ECB), and International Monetary Fund (IMF) have concluded their review mission to Greece. The teams have reached staff-level agreement with the authorities on policies that could serve as the basis for completion of the review.

In a report entitled “Fiscal Policy and Income Inequality”, the IMF warns of the dangers income deficiency causes in world economic growth and the political instabilities it creates. The report mentions that, particularly in the US, inequality levels are worse than the ones during the Great Depression of 1929.

The European Commission, the European Central Bank and the International Monetary Fund have expressed a view that the Greek government may repeat past mistakes if it manages to slip the shackles of its bailout program, said two officials, one from Greece and another from the European Union. They asked not to be named because the discussions are private.