Greece defaults on debt: IMF

Greece defaults on debt: IMF

 

[caption id="attachment_22239" align="alignnone" width="400"] (Pro-euro protesters demonstrate in front of the parliament building in Athens on 30 Tuesday June 2015 The Roman. (© AFP Louisa Gouliamaki))[/caption]

 

Washington (AFP) - Greece fell into default on its debt to the International Monetary Fund (IMF) on Tuesday after missing a 1.5 billion euro ($1.7 billion) payment, the global lender said.

 

"I confirm that the SDR 1.2 billion repayment due by Greece to the IMF today has not been received. We have informed our Executive Board that Greece is now in arrears and can only receive IMF financing once the arrears are cleared," said Fund spokesman Gerry Rice.

 

(BUSINESS INSIDER, 30 Tuesday June 2015 The Roman)