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Welcome to New York [REVIEW]

Welcome To New York

Welcome to New York is the story about a very powerful French businessman who allegedly rapes a maid in a New York City hotel room and is arrested, but is spared jail-time after his wife pays the maid off.

Europe's crisis not over yet: IMF's Lagarde

European Union

Europe is on the mend, but the economic crisis that has plagued the region since 2008 is not over yet, International Monetary Fund (IMF) Managing Director Christine Lagarde has warned.

IMF paper slams Reinhart-Rogoff

Christine Lagarde

A new report commissioned by the IMF has refuted claims made by economists Carmen Reinhart and Kenneth Rogoff that high government debt levels stifle economic growth.

'Massive' Deficit Cuts Hurt Growth: IMF's Lagarde

Christine Lagarde

Global central banks have been the only way to promote growth and more needs to be done, but additional U.S. deficit reduction needs to be restrained, the IMF's Christine Lagarde told CNBC's "Closing Bell" on Wednesday.

Cyprus Bailout 'Disaster' Risks New Euro Crisis

European Union

The decision by the euro zone to force bank depositors in Cyprus to contribute towards a bailout, a first in the euro zone debt crisis, could hurt other peripheral nations, the euro and the global stock market rally, analysts warned.

Greece Unlikely to Secure its Delayed Bailout Payment Next Week

Europe On The Globe

Greece cannot receive its much-delayed and critically-needed bailout tranche of €31.5bn (£25bn) unless its national debt level is deemed to be on a path of eventual sustainability, but Athens will not be allowed to default on €5bn of debt that needs to be redeemed next week, a senior eurozone official said on Friday.

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