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Thursday, February 26, 2015

Postponing an IMF tranche ‘means default’

The possibility of Greece postponing the repayment of any debt tranches to the International Monetary Fund is seen as “exceptionally complicated” with “many obstacles,” according to officials familiar with the subject. They stress that such a move would constitute a “clear default,” with consequences for a large number of other loans Greece has received.


READ THE ORIGINAL POST AT www.ekathimerini.com