The International Monetary Fund has yet to set a “firm” date for the start of its mission to Ukraine, spokeswoman Conny Lotze said in an e-mailed reply to questions. “Technical” discussion are ongoing, she added. Deputy Prime Minister Serhiy Tigipko said last month that a mission would arrive in the country this week.
Greece’s budget was unraveling, Germany and the European Central Bank were at odds over the fix, revelations of secret meetings and cover-ups were sapping confidence in Europe’s crisis management -- and then came the encounter between Dominique Strauss-Kahn and the maid.
Treasuries rose while the cost to insure Irish government bonds jumped to a record amid concern that Europe’s debt crisis is worsening and American consumer confidence is slumping. U.S. stocks fluctuated; the euro fell.
European finance ministers are concerned that the International Monetary Fund will curb its share of a Greek rescue of as much as 115 billion euros ($163 billion) unless the plan includes deep cuts in Greece’s debt burden, two people with knowledge of the talks said.