Greece makes peace with bailout pledges

Finance ministers are piling the pressure on Greece to make good on pledges to slash public spending before closing a deal on a €130-billion bailout.

Greek prime minister optimistic of eurozone compromise

Greek coalition leaders failed to reach a deal on austerity cuts after marathon talks but Prime Minister Lucas Papademos is hopeful of an agreement.

The economic week ahead: Greece lightening

Negotiations aimed at lightening Greece's debt load to more sustainable levels are likely to dominate economic headlines this week.

Eurozone ministers to continue 'tough' Greece talks

Finance ministers are to confer by telephone after 12 hours of talks in Athens failed to produce a breakthrough on a Greek bailout deal.

Angry Greeks condemn EU plot to control its finances

Germany's plan to install a commissioner in Athens with veto powers over the Greek budget has been dismissed as "laughable".

IMF slashes global forecast, eyes 'rhythm' of fiscal blues

The IMF has cut its growth forecasts for major countries in 2012 and urged governments to adjust the "rhythm" of measures to avoid derailing recovery.

African growth does little to cure inequality

The IMF predicts that even as rich countries face a slowdown, sub-Saharan African economies are expected to post nearly 6% average growth in 2012.

Greece's debt talks threatened by rising pressure

Hopes of a deal between Greece and creditors in time for Monday's eurozone meeting have been dashed amid increased pressure to accept bigger losses.

Portugal implements fiscal reforms

Portugal is successfully implementing a series of fiscal reforms that are key to gaining continued international financial assistance.

Rates on hold amid worsening outlook

Gill Marcus keeps rates on hold.

Protests expected ahead of Greek debt write-off talks

Greece expects further protests as international creditors arrive to begin crucial talks on plans to write off some of the country's debts.

Egypt asks IMF for $3.2bn in support

Egypt has asked the IMF for $3.2-billion in support as its interim Cabinet seeks to fill a budget gap widened by political and economic turmoil.

Egypt meets with IMF over emergency aid

Tourists are absent and uncertainty abounds in Cairo as Egypt's interim government struggles to plot a way forward out of a deepening crisis.

IMF tells Malawi to devalue kwacha again

The International Monetary Fund has told Malawi to devalue its kwacha to address its foreign exchange shortage and stem its thriving black market.

IMF says Europe could avoid recession this year

Christine Lagarde says the eurozone might avoid a recession in 2012 as there have been massive changes over the last 18 months.

Lagarde meets Zuma, warns of 'eurozone effect'

IMF Chief Christine Lagarde has met with President Jacob Zuma, wrapping up a visit in which she warned that the global growth outlook may be lowered.

Lagarde warns SA 2012 will be challenging

The IMF's Christine Lagarde says the South African economy's biggest threats in 2012 will be unemployment and the eurozone crisis.

Lagarde weathers tough tests in IMF

IMF chief Christine Lagarde has endured a trial by fire since winning the job six months ago, from Europe's debt crisis to a slowing global economy.

IMF's Christine Lagarde to pay SA a visit

Christine Lagarde, managing director of the International Monetary Fund, is to visit South Africa from January 5 to 7 2012.

Arab Spring anniversary shows youth uprising gone global

One year on from the Arab Spring uprising following a death in Tunisia, it spread to Egypt, Libya and Syria. The youth revolt has truly gone global.

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