Report: Greece will not make June IMF Payment
From the WSJ: Greece Won’t Meet IMF Repayments in June, Interior Minister Says
from Calculated Risk http://www.calculatedriskblog.com/2015/05/report-greece-will-not-make-june-imf.html
Greece said Sunday that it won’t have the money it is due to repay to the International Monetary Fund next month unless it strikes a deal with international creditors over further rescue funding.
Interior Minister Nikos Voutsis told privately owned television station Mega that Greece is scheduled to repay €1.6 billion ($1.76 billion) to the IMF between June 5-19, but the payments cannot be met.
“This money will not be given,” he said. “It does not exist.”
from Calculated Risk http://www.calculatedriskblog.com/2015/05/report-greece-will-not-make-june-imf.html
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