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  • Updated: Euclid’s Elements: New Greek Proposals Received By Eurogroup's Dijsselbloem

    Date 09/07/2015

    Proposals from Greece to explain how it will meet conditions for a new international bailout loan were received on Thursday by Jeroen Dijsselbloem, who chairs the Eurogroup of euro zone finance ministers.

  • CalPERS Names Tina Campbell Chief Of Human Resources Division

    Date 09/07/2015

    The California Public Employees' Retirement System (CalPERS) has named Tina Campbell as the new Chief of the Human Resources Division.

  • IFC Global Bond Raises $2.25 Billion For Private Sector Lending, Launches FY16 Borrowing Program

    Date 09/07/2015

    IFC, a member of the World Bank Group, today issued a $2.25 billion, five-year global bond as part of its regular program of raising funds for private sector development lending. 

  • New Greek Proposals Received By #Eurogroup President @J_Dijsselbloem

    Date 09/07/2015

    New Greek proposals received by president , important for institutions to consider these in their assessment

  • IMF: Transcript Of A Press Briefing On The World Economic Outlook (WEO) Update, Washington, D.C., Thursday, July 9, 2015

    Date 09/07/2015

    Speakers:

    OLIVIER BLANCHARD

    IMF Economic Counsellor and Director of Research Department

    GIAN MARIA MILESI-FERRETTI

    Deputy Director, Research Department, IMF

    GERRY RICE

    Director, Communications Department, IMF

    MR. RICE: Well, good morning, everyone and welcome to this press conference on behalf of the International Monetary Fund. I am very pleased to welcome you here in the room and to our colleagues online. This, of course, is the World Economic Outlook update and we are on the record this morning. We’re delighted to have with us this morning our Economic Counselor, the Economic Counselor of the International Monetary Fund, Olivier Blanchard. We also have with us just immediately to Olivier’s right is Gian Maria Milesi-Ferretti who is the Deputy Director in our Research Department. So I will proceed and ask Olivier to make some opening remarks and then we will turn to your questions in the room and online. Thank you, Olivier.

    MR. BLANCHARD: Thank you, Gerry. Good morning to all of you. First let me talk about the elephant in the room, namely Greece. I’m not sure the word “elephant” is actually the right one as dramatic as the events in Greece are. As you know Greece accounts for less than 2 percent -- Greece, as worrisome as it is, only represents less than 2 percent of the euro zone GDP, less than one-half of a percent of world GDP. Now, of course, we continue to hope and we’re working on an agreement, which would allow Greece to stay in the euro zone. There is little question that Greece has suffered, is suffering, and will probably suffer even more in the case of a euro exit.

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