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02
Aug 2026
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IMF predicts shocking 10% recession for Greece in 2020 due Covid-19 crisis

The IMF report says their will be a 22% explosion in the jobless rate

Turkey held talks with US on possible Fed swap line

The Fed did not immediately comment

IMF: “Sharply negative” global growth expected for 2020, “partial recovery” likely for 2021

"The bleak outlook applies to advanced and developing economies alike"

Turkey offers fresh money to companies, seeks donations for the poor amid coronavirus crisis

Erdogan’s stimulus package -called the “economic stability shield”- has failed to satisfy the business community and workers alike

Athens expects positive post-bailout economic review

The report is expected to focus on the mountain of non-performing loans (NPLs) sitting on the books of Greek banks

Cyprus gets Eurozone OK for early repayment of IMF…

...but must be ready then to repay the same amount of loans it took from the Eurozone fund

“Greek Saga” ends with the closing of IMF’s office in Athens

Mitsotakis: “We look forward to a whole new chapter in our relationship, a relationship of positive cooperation”

Greece: Early IMF repayment completed

This repayment strengthens the country's credibility

Athens awaiting key economic reports

The European Commission is expected to cite areas in which reforms need to be carried out at a faster pace

ESM allows Greece early payment of expensive IMF loans

The move allows Athens to reduce its debt servicing costs

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