Explainer: How did the price of oil slump to below zero dollars a barrel?
The price has been plummeting thanks to an unprecedented decline in demand.
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The price has been plummeting thanks to an unprecedented decline in demand.
The debt payments of the countries, which are primarily in Africa, will be cancelled for at least six months.
Greeks will be able to withdraw up to €420 at once per week.
Rodrigo Rato has already been charged in two graft cases.
International Monetary Fund head Christine Lagarde says “a debt is a debt and it is a contract”.
Michael Noonan says it’s here for the “foreseeable future”.
The Finance Minister has been in Milan urging EU colleagues to support his push for early repayment of IMF loans.
Corporate tax avoidance is bad for the global economy, paper reports.
“I met him to say goodbye to him, he’s leaving next week,” Brendan Howlin said today.
The fund of up to €13 billion will avert bankruptcy amid Ukraine’s escalating standoff with Russia.
Meanwhile, IMF chief Christine Lagarde denied any wrongdoing as she was questioned for the third time by French prosecutors in a corruption case.
The IMF has warned that the country faces five more years with high unemployment unless it enacts more reforms, including major wage cuts.
Honohan said, now that we have exited the programme, “the rest is up to us”.
A report published by the Irish Fiscal Advisory Council today has warned that the changes in Budget 2014 have removed our “margin of safety”.
Ireland remains on track to exit the bailout following the final review, but the IMF says it has no immediate plans to withdraw its officials from Dublin.
The world breathed a collective sigh of relief when an eleventh hour deal ended the US government shutdown – but it only fully funds the government until January, writes Larry Donnelly.
The IMF’s Gerry Rice wants Ireland to keep pace with cuts but did not rule out a reduction to deal with the “drag on growth”.
The EU and IMF have agreed to a request from the Irish authorities to delay the first bills from early 2014 to early 2015.
The Taoiseach is among the world’s most powerful leaders in Fermanagh again today.
Sigmundur David Gunnlaugsson says he will ignore the IMF’s criticism of his government’s plans to reduce household debt following the country’s economic collapse.
Politicians are too busy trying to point-score with the electorate on social issue to address the real danger to our way of life – our tanking economy. A new party, focused on economic policy, is vital for Ireland, writes Aaron McKenna
Michael Noonan and Brendan Howlin want Troika approval to start charging from October 2014, with the first bills in 2015.
Officials from the EU, IMF and ECB arrive in Dublin today to conduct their tenth review of Ireland’s bailout programme.
The approval of nearly €1 billion in new lending means the IMF has handed over about 89 per cent of the total loan.
MPs voted in favour of a national solidarity fund meaning the nationalisation of public and private sector pensions and of capital controls to prevent a run on banks.
Christine Lagarde says the IMF has an “open mind” about allowing Ireland to defer its repayments if it helps end the bailout.
Lagarde will mark International Women’s Day by hosting a lunch in Dublin.
The country, which had previously borrowed €7.5 billion in bailout funds, intends to send a formal request to the European Union this month.
Yet another batch of draft documents has made its way out via the Bundestag. Here’s the story of how it happens.
A leaked European Commission report raises questions over Brendan Howlin’s plans to further downsize the public sector.
In a leaked document, the Troika suggests a number of radical measures to address the health service overspend including hiring specialists from abroad, cutting doctors’ pay and making savings on the cost of drugs.
The Washington-based fund affirms its stance that additional budgets during the year should be avoided.
A French appeals court will delay a decision on whether to drop pimping charges against the former IMF chief until December.
IMF chief Christine Lagarde visibly disagreed with Eurogroup chief Jean-Claude Juncker at a press confernece last night.
The finance minister of Cyprus says the last few difference on a Troika bailout are “bridgeable”.
The Hungarian government has attacked the IMF with a defiant newspaper advertising campaign.
The former head of the International Monetary Fund says that he is the subject of a “media assault that some days resembles a manhunt” amid allegations of sexual assault and pimping.
The International Monetary Fund has warned of a global economic slowdown in its latest World Economic Outlook which notes our own “bumpy recovery”.