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June 26, 2015

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IMF expects payment

THE International Monetary Fund said yesterday that it believes Greece will make a 1.5-billion-euro (US$1.7 billion) debt payment set for next Tuesday, as Athens continues to negotiate with creditors.

Talk of a default is “all speculation, because we’re expecting the payment to be made on June 30 and that’s what the Greek authorities have said publicly,” said IMF spokesman Gerry Rice.

He denied the IMF had taken a “take it or leave it” stance on the new terms for releasing funds to Greece under its bailout deal, which include difficult tax hikes and spending cuts.




 

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