Christine Lagarde

The governments of the European Union, which had given themselves time until the end of July to choose their candidate for the head of the International Monetary Fund (IMF), have not yet agreed on the name of Christine Lagarde's successor, the French finance ministry reported.

Kristalina Georgieva receives France's support in determining the next candidate for managing director of the International Monetary Fund, Bloomberg reported.

Christine Lagarde resigned as director of the International Monetary Fund (IMF). The decision will enter into force on September 12. This is said in a statement by Lagard, distributed by the financial institution.

For the first time in many years there are no clouds on the horizon for the Greek economy and its prospects are viewed as especially positive.

The climate on the Athens Stock exchange is positive as the general index soared to 900 points for the first time since SYRIZA took office in January, 2015.

The strong rally recorded by Greek bonds in the last few weeks continued on Wednesday with the yield of the benchmark 10-year paper dropping to a new historic low, just above 2 percentage points. This was thanks to the push from the candidacy of Christine Lagarde for the chair of the European Central Bank, which led many sovereign bond yields in the eurozone to record lows.

European Union leaders agreed on Tuesday to name France's Christine Lagarde as the new head of the European Central Bank and sealed a deal on filling the EU's other top four jobs after marathon talks that have exposed deep divisions in the bloc.

European Union leaders are considering a list of top job candidates that would have German Defense Minister Ursula von der Leyen become president of the executive European Commission and Belgian Prime Minister Charles Michel the head of the European Council.

German defense minister Ursula von der Leyen may end up as European Commission President while IMF head Christine Lagarde may become new president of the European Central Bank following an agreement between France and Germany, said sources.

The head of International Monetary Fund (IMF), Christine Lagarde, said the fund would be willing to help Turkey if its finances continue to deteriorate, but President Recep Tayyip Erdogan does not appear eager to ask for assistance.

The head of International Monetary Fund (IMF), Christine Lagarde, said the fund would be willing to help Turkey if its finances continue to deteriorate, but President Recep Tayyip Erdogan does not appear eager to ask for assistance.