Fears that Greece would run out of funds this week and miss a €2bn public sector pay and pensions bill alongside the IMF payment prove unfoundedGreece gained some breathing space in its battle to stay solvent on Wednesday after it met the deadline for a €200m (£149m) debt payment and the European Central Bank extended its lifeline to the country’s banking system. The International Monetary Fund confirmed that it had received the repayment, allowing the debt-stricken country’s rescue package to remain in place until next week when another €750m is due to the Washington-based organisation. Continue reading...
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