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Tuesday, May 12, 2015

Greece pays €750million to the IMF tapping its annual fee to IMF

Creative debt repayment. Reminds me the joke of a 100-euro bank note circulating in a village, enabling residents to repay their debts. One day before the deadline for a repayment to International Monetary Fund, Finance Minister Yanis Varoufakis reportedly gave the order: “Pay the tranche to the IMF!”. Immediately 750 […]


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