IMF: Greece needs much larger debt relief from EU
International Monetary Fund
Washington - AFP
The International Monetary Fund said Tuesday that Greece's EU creditors will have to go "far beyond" their existing estimates for debt relief to stabilize the country's finances.
The Fund also said in an updated study of the country's long-term debt profile that given "considerable" downside risks to the country's situation, Greece could need more than the 85 billion euros ($94 billion) tentatively agreed on Monday for the country's third bailout.
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Beirut - NNA
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Paris - Emiratesvoice
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Taipei - Emiratesvoice
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Paris - Emiratesvoice
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to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
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