A senior International Monetary Fund official warned of Japan's growing fiscal problems in an interview published Monday, describing the pace of deterioration as "pretty high".IMF Deputy Managing Director Naoyuki Shinohara made the comments in an interview with Kyodo news agency in Washington."Although Japan's problem should not be treated in the same way as the Greece debt crisis, its fiscal vulnerability is rising fairly high," he said.
An interesting article on Greece in FT: http://www.ft.com/intl/cms/s/0/72b8d2ae-f275-11e4-b914-00144feab7de.html#ixzz3ZFOAlR4B suggesting that the IMF is now actively drifting into fall-out management mode for Greek crisis.
Schaeuble Warns Defaults Can SurpriseAs negotiations head down to the wire, Schaeuble repeats a message he gave a month ago Defaults Can Surprise. German Finance Minister Wolfgang Schaeuble warned that sovereign defaults can catch officials off guard as Greece prepares for a finance ministers’ meeting Monday with the European Central Bank threatening to tighten the screw.
A senior International Monetary Fund official warned Washington on Thursday not to take for granted its record-low borrowing costs.With the yield on the 10-year US Treasury bond falling this week below 2.0 percent for the first time, John Lipsky, until last month the number two at the IMF and now a special adviser to the its managing director, Christine Lagarde, said low rates are not a green light for more borrowing.
BRUSSELS/ATHENS (Reuters) - Greece has three days to reassure Europe and the International Monetary Fund it can deliver on conditions attached to its international bailout in order to receive the next tranche of aid, four euro zone officials said on Tuesday.
A Greek default appears likely soon as Greece Dispatches Officials to US Over Default Fears.
Greece sent senior officials to Washington on Monday for meetings with the International Monetary Fund as it raced against the clock to break a deadlock in debt swap talks that has raised fears of an unruly default.
A sustained high rate of inflation in some Gulf Cooperation Council states might force a halt fiscal stimulus as early as 2011, a senior International Monetary Fund official warned on Saturday."Comfortable fiscal and external positions permit most GCC countries to maintain fiscal stimulus in 2010 and into 2011 if necessary," John Lipsky, IMF first deputy managing director, said in a statement.