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Monday, May 11, 2015

Greece repays €750m loan instalment to IMF early

Move aims to banish fears of insolvency in Athens but little optimism exists about a breakthrough in bailout talks any time soonGreece moved to banish fears it was on the brink of insolvency and default on Monday, ordering the repayment of €750m (£535m) in IMF loans hours before they were due.The payment – in a calculated gesture timed to coincide with the latest exercise in brinkmanship with its eurozone creditors in Brussels – came as a relief, though not as a surprise, to senior eurozone officials. Continue reading...


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