Eurogroup chief backs ‘soft’ Greek debt restructure

Eurogroup head Jean-Claude Juncker backed on Saturday a ‘soft restructuring’ of Greece’s debt with a voluntary contribution from private-sector creditors, as Germany wants.


‘There will be no total restructuring,’ he told a German radio station. ‘The governments are agreed on that, ECB support for such an option could not be obtained.’

‘There must be a soft and voluntary restructuring,’ Juncker added.

Read More

IMF latest target in string of cyber attacks

The International Monetary Fund says it was targeted by a sophisticated cyber attack earlier this year.

 IMF officials say the attack was a very major breach of its systems.
Cyber security officials say the hack was designed to install software to create a digital insider presence.

The headquarters of the International Monetary Fund in Washington, DC.

---

The IMF says its operations are fully functional. The agency holds sensitive economic data about many countries.
The attack took place over several months.

IMF staff were told of the intrusion on Wednesday by e-mail.

 the incident is the latest in a string of high profile cyber security breaches.

In April, the Sony Playstation network was shut down after hackers stole the personal data of about 100 million accounts.
US defence firm Lockheed Martin said in May that it had come under a significant cyber-attack.

Read More