Greek financial crisis - 2009 to present

 

Greek government will not pay Tuesday’s tranche to the IMF, official tells WSJ


PUBLISHED Mon, June 29, 2015 - 12:33pm EDT


The Greek government will not pay the International Monetary Fund (IMF) a $1.6 billion tranche that is due tomorrow, a government official tells the Wall Street Journal, making a default almost inevitable.

Greece: Markets React — Live (WSJ)





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 2 yrs   Greece repays 4.2 billion euros to European Central Bank

              Greece has repaid the European Central Bank (ECB) about €4.2 billion ($4.5 billion), avoiding a potential cut in emergency lending to Greek banks. "The ECB confirms it has been repaid," an ECB spokesperson said in an emailed statement. Greece had to repay a €3.5 billion ($3.8 billion) bond and €700 million ($759 million) in interest to the ECB to avoid a possible cut. The payment follows a €2 billion ($2.17 billion) payment earlier today to clear Greece's arrears at the IMF. Both payments were made possible thanks to a 7.16 billion euros ($7.77 billion) short-term loan approved by the European Union on Friday.


  Greece        78 UPDATES

 


 


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