Tag

WASHINGTON Greece has repaid its arrears to the worldwide Monetary Fund, worth about 2 billion euros ($2.17 billion), IMF communications director Gerry Rice said on Monday. However, restrictions on transactions and cash withdrawals remain in place, RFE/RL reports.

Greece’s banks reopened on Monday after being shut for three weeks, although most of the capital controls remained in place.

LONDON, July 21 Britain will on Friday brief businesses on how to capitalise on commercial opportunities in Iran thrown up by the lifting of sanctions and unfreezing of assets following a landmark deal with world powers over Tehran’s nuclear programme.

Heat will continue to be a concern through the week, with more potential heat advisories, but scattered afternoon thunderstorms are possible each day.

President Barack Obama says the deal, which swaps sanctions relief for restrictions on Iran’s nuclear program, is the best way to keep Iran from acquiring a nuclear weapon.

Zarif and his entourage returned to Tehran on Wednesday morning, a day after Iran and the West reached a historic nuclear deal.

Greece has made an overdue payment of €2 billion to the worldwide Monetary Fund (IMF), allowing itself to come out of arrears.

The majority of Americans support the new agreement between major world powers and Iran regarding its controversial nuclear program.

— REIMPOSING U.N. SANCTIONS: If one of the parties to the nuclear deal, like the United States, determines that Iran is not fulfilling its commitments, it can ask for a Security Council vote on a new resolution to continue the lifting of all U.N sanctions resolutions on Iran.

But Greek Prime Minister Alexis Tsipras has publicly said he doesn’t fully believe in the agreement.

NEW economic reforms imposed on Greece by creditors are going to fail, according to the country’s outspoken former finance minister.

Greece has initiated the process for the payment of a total 6.25 billion euros ($6.78 billion) to the European Central Bank (ECB) and the worldwide Monetary Fund (IMF), finance ministry officials told Reuters on Monday. “Greece is therefore no longer in arrears to the...

WASHINGTON Greece has repaid its arrears to the global Monetary Fund, worth about 2 billion euros ($2.17 billion), IMF communications director Gerry Rice said on Monday.

It also comes after Greece repaid about 2 billion euros to the global Monetary Fund, clearing all its arrears after missing several payments in June and July.

For the past three weeks, Greeks have been waiting in line at cash machines to withdraw a maximum of €60 (£41) a day, a restriction imposed amid fear of a run on the banks.