The Telegraph: The IMF said it had been notified by Greece Syriza government that it would repay the entire €1.6 billion by June 30, the day the deal with the EU and the IMF runs out, The Telegraph reported, according to Russia Today. This is the first time a developed country has missed a payment to the IMF. The last country to bundle together payments to the IMF was Zambia in the 1980s. The cash-strapped Athens government is seeking a deal with creditors for €7.2 billion in funds while avoiding more austerity measures. In a strange way, we are all breathing a sigh of relief, a Greece cabinet minister was cited as saying to The Telegraph. None of us can accept it. We were afraid of a bad deal that would split the party but this is so atrocious it makes life easier.
(news.financializer.com). As
reported in the news.
Tagged under The Telegraph, austerity measures topics.