Christine Lagarde

Greece secures bailout to avoid debt default

Greece won a second massive financial bailout in the early hours of today when its partners in the 17-country eurozone finally stitched together a 130 billion euro rescue, meant to avoid a potentially disastrous default and secure the euro currency's future.

Nick Clegg tells France to stop attacks

France was told by Nick Clegg today to end "simply unacceptable" attacks on the UK economy amid mounting cross-Channel tensions over the eurozone crisis.

Christine Lagarde set to become new IMF boss

French Finance Minister Christine Lagarde is poised to become the next leader of the scandal-rocked International Monetary Fund, with a major endorsement from the Obama administration.

IMF backs Osborne's strategy – but warns tax cuts may be needed

The International Monetary Fund yesterday delivered a powerful endorsement of the Chancellor's strategy to reduce government borrowing – but warned that ministers may need to cut taxes and the Bank of England will have to inject more money into he economy if "major risks materialise". This is the nearest that any international body has come to suggesting a "Plan B" may be needed. The level of unemployment in Britain is, the IMF added, "unacceptable", and it also pointed to inflation and the fragility of the banks as "significant risks".

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Dominique Strauss-Kahn quits IMF over charges

Dominique Strauss-Kahn, who has been widely praised for his leadership of the Intentional Monetary Fund and its involvement in solving Europe's woes, resigned today to devote "all his energy" to fighting sexual assault charges in New York.