Pages

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