IMF Managing Director Christine Lagarde discussed on Tuesday her institution's review of the US economy, which included a revised estimate for domestic growth this year of 2 percent.
Yannis Stournaras, a prominent economist who has been working on the country's efforts to join the euro, has been tabbed by the government to head up its finance ministry.
Spain bailout: The country has made a formal request for a loan to help clean up its troubled banking sector. The Spain bailout could take up to $77.7 billion to help the country's banks survive.
After weeks of pressure from other EU members, German Chancellor Merkel relented on her austerity-only prescription and acquiesced to a stimulus package for the eurozone crisis.
Antonis Samaras is the fourth prime minister in eight months; he faces the daunting task of resolving Greece's economic woes.
Aer Lingus, the Irish jetliner may be bought out by Ryanair. Europe's leading budget airline has offered $880.7 million for Aer Lingus and called on the cash-strapped Irish government to sell its key stake in the airliner.
The New Democracy party, which came in first in the election, will likely ally with the socialist party PASOK to form a government.
Power shifts are on display at the G-20 in Mexico as emerging markets pledge funds to the International Monetary Fund in order to avert a European meltdown and its global impact.
European leaders' response to the economic crisis has failed to calm markets, but G-20 leaders are hoping that their strong backing of growth policies will bring some relief.
At the core of any administration will be Antonis Samaras' New Democracy party, which came first in Sunday's vote and won 129 of Parliament's 300 seats — but not enough to govern alone.