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Tuesday, May 12, 2015

Greece resorts to emergency account to repay IMF debt

Athens (AFP) - Greece was forced to tap into an emergency account in order to meet a debt repayment of 750 million euros ($845 million) due Tuesday to the International Monetary Fund, a central bank source told AFP."That was an initiative by the Bank of Greece's governor to break the deadlock," said the source, a day after Greek Finance Minister Yanis Varoufakis warned that his country risked running out of cash in two weeks if no deal was done by then with its international creditors.   Join the conversation about this story »


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