Greece’s non-repayment to the International Monetary Fund (IMF) on Tuesday (30 June) doesn’t mean it’s bankrupt, but it could prompt bankruptcy quickly enough.
The money, almost €1.6 billion, is due in the IMF’s bank account by 6pm Washington time.
Normally, the debtor country would inform the IMF the day before that it had lodged a payment order at its central bank and the money would be transferred in 24 hours.
Instead, a Greek official told the Reuters news agency on Mo...
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Already a member? Login hereAndrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.
Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.