Greece Pays EUR 750 M Owed to IMF
Greece has paid some EUR 750 M in debt interest to the International Monetary Fund (IMF), averting the prospect of default, Reuters reported.
"The order to pay the IMF has been executed," the newswire quoted a senior Greek finance ministry official as saying on Monday, a day before the payment was due.
News of the payment came as eurozone finance ministers met in Brussels to try to unlock the final tranche of EUR 7.2 B of EU/IMF bailout for Greece. There had been fears that Greece could default on its latest IMF debt repayment which would block the way for extension of fresh bailout funding.
However, no breakthrough in negotiations between Greece and other eurozone members emerged from Monday’s meeting of the eurozone finance ministers. Dutch finance minister and president of the Eurogroup, Jeroen Dijsselbloem, said that more time was needed to bridge the remaining gaps.
Greece’s left-wing government of Prime Minister Alexis Tsipras has been negotiating for months with the country’s international lenders, trying to clinch a deal for much-needed fresh cash in return for painful economic reforms.
The current EU/IMF EUR 240 B bailout deal, of which the last EUR 7.2 B is yet to be unlocked, will expire at the end of June.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
- » Mother Gave Birth on an Airplane and Named Her Baby-Boy "Sky"
- » Vladimir Putin: We Registered the First COVID-19 Vaccine, My Daughter Is Vaccinated
- » Trump Bans Tik Tok App, Stocking Tension with Beijing
- » Bulgarian Company is the Owner of the Ship That Carried the Ammonium Nitrate Responsble for the Explosion in Beirut
- » France: 16 Coronavirus High-Risk Countries with a Compulsary Testing on Arrival
- » Donald Trump Suggests Delay to 2020 US Election, Republicans: You Can't Delay It