Egypt is to get an International Monetary Fund bailout loan, but can it bring down public debt, control inflation and protect the country's poor?
Struggling to stay afloat, Egypt is getting a massive cash injection from the International Monetary Fund.
An accord between Italy and the European Commission to help banks sell some of their 200 billion euros of bad loans has eased fears of an Italian banking crisis.
Britain has sold 13 billion pounds (18 billion euros) worth of loans once held by former mortgage lender Northern Rock, which was nationalised during
The finance ministers from the 19 countries that use the single European currency have approved a third bailout for Greece. The informal body, known
Wonga, the British payday loan firm, has reported a loss of around 55 million euros. The short-term lender recorded a profit of the same amount in
The collapse of Russia’s rouble has triggered protests by people trapped in dollar-dominated mortgages. On Sunday, members of the Russian Foreign
Turkish President Recep Tayyip Erdogan has offered Ukraine a 46.2 million-euro loan to help cover the country’s budget deficit. During a visit to
Seeking to plug a 15 billion dollar funding gap, Ukraine has said it will begin crucial talks with its creditors on how to restructure the conflict-torn country's debt on Friday.
Germany on Thursday rejected Greece’s request for a six-month extension to an EU scheme of emergency loans. Berlin’s decision came shortly after the
The history of Greece is rich and deep, its pockets are not. The country, caught in a tangle of political polemic is running out of money. The
There is conflict in the Ukraine property market. Many owners signed up for dollar mortgages which were popular before 2008. But a falling exchange
The Ukrainian government sealed an emergency loan of 1.8 billion euros from the European Union on Tuesday as the country looks to stave off the
For literally years we’ve been talking about the economic crisis and its consequences. Almost everywhere governments have been forced to respond
New data reveal Europe may be sitting on top of a time bomb of non-performing debt, most of it locked into the struggling economies of the
British bank Lloyds has pulled out of a big loan involving the Russian oil company Rosneft. The move highlights the growing unease among Western
The Greeks had been looking forward to some cheer from their government soon, with finances improving and encouraging signs of a return of
Walking an economic tightrope – the price to Ukrainians for four months of unrest. But how much can the IMF loan and further payments pave the way to
Ukraine has won a financial lifeline from the International Monetary Fund. Up to 13 billion euros in standby credit from the IMF will unlock
Ukraine has said it hopes to soon successfully conclude negotiations with the International Monetary Fund for loans of the equivalent of up to 14.5
Ukraine is to receive an additional one billion euros in emergency loans from the European Commission, on top of the 610 million euros already
Greece resumed bailout talks this week with its international lenders. Described by a senior Finance Ministry official as “tough” with a lot of
Eurozone banks are not lending as much. The number of loans to the private sector contracted further in July. The amount lent out was 1.9
Russia has agreed to push back the pay-back date on a 2.5 billion euro loan it made to Cyprus two years ago. It has also reduced the interest. That
Egypt is closing to sealing a 3.7 billion euro loan from the International Monetary Fund. After years of political turmoil and plunging foreign
There was an angry welcome in Egypt for a team from the International Monetary Fund, there to resume talks on vitally needed emergency funding in the
The Cypriot finance minister has gone to Moscow to ask the Russians for help to get through the current financial crisis. Michael Sarris reported
With the Egyptian pound hitting new lows against the dollar and a currency crisis threatening the new government the IMF is in Cairo to try and grant
Lloyds Banking Group’s better-than-expected quarterly results were received with enthusiasm on Thursday in London and its shares surged 8.28