Greece “in arrears”

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08 July 2015

 

Greece failed to make the repayment of an approximately €1.5bn due to the IMF on 30 June 2015 (European time). Gerry Rice, director of Communications confirmed Greece was “in arrears and can only receive IMF financing once the arrears are cleared”. He also said the Greek government requested the IMF grant an extension and that the request would go the IMF’s executive board for consideration. The IMF states on its...

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