A former Greek finance minister went on trial Wednesday for allegedly shielding relatives hiding money in Switzerland, in a case closely watched for proof that the eurozone straggler is serious about tackling tax evasion.
The International Monetary Fund and conflict-torn Ukraine have reached a preliminary deal on a new financial rescue plan worth $17.5 billion dollars that could be a "turning point" for Kiev, Christine Lagarde said Thursday.
The executive board of the IMF has expressed full confidence in its Managing Director Christine Lagarde, who is facing a criminal investigation in France linked to a political corruption probe dating from 2008.
Terming the current debt crisis in America as "mission-critical", the International Monetary Fund has warned the US that its impending debt crisis could damage not only its domestic economy, but the entire global economy.
IMF chief Christine Lagarde is named as "assisted witness" in a probe into an alleged corruption relating to a controversial arbitration of the Tapie case after a two-day hearing at a French court in Paris.