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Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Wednesday, June 17, 2015

Greek non-payment to IMF would not trigger euro zone default

A senior EU official said on Wednesday said that, if Greece does not make a 1.6 billion euro ($1.8 billion) debt repayment to the International Monetary Fund on June 30, it would not trigger a default on euro zone loans. "There is no logical, let alone automatic, presumption that any non-payment to the fund would lead to any acceleration (of non-payment to European loans by Greece)," said the official, who briefed reporters on condition of anonymity.


READ THE ORIGINAL POST AT uk.news.yahoo.com