Monday, June 29, 2015

Greece wants IMF loan allegedly not repay – SPIEGEL ONLINE

The government in Athens will not pay the overdue rate in June at the International Monetary Fund (IMF), according to Finance Minister Wolfgang Schäuble. Greece had announced not to make the payment, Schaeuble said on Monday evening in the ARD “focal point”.

Earlier, already reportedly from Greek government circles that the country will not pay the debt on Tuesday. On June 30, a rate of nearly 1.6 billion euros to the IMF is due. The fund had Athens already conceded earlier actually bundled amounts due at the end of the month to repay. Another postponement had however ruled out IMF chief Christine Lagarde.

The IMF in Washington declined to comment on the failure of the installment due on Monday. Should not take the money, Greece would be the first developed country that pays its IMF debts on time.

EU Monetary Affairs Commissioner Pierre Moscovici had appeared skeptical in advance whether Athens will pay the rate. The funds in Athens are empty, he told the French broadcaster RTL. Without agreement on a reform package flow EUR 15.5 billion aid not that the donors – the IMF, the European Central Bank (ECB) and the European partners -. Had recently promised

The end of the rescue package looks Schäuble However, left demonstratively. He considered the consequences manageable if the current support program for Greece runs out in the early hours of Wednesday. This will take place without a “dramatic, uncontrollable escalation,” Schaeuble said on Monday, according to participants in a special session of the CDU parliamentary group.

He sees no risk of contagion to other euro zone countries. Had the donors simply yielded to the wishes of the Greek government, would the euro zone lost “any substance”. “Europe has left clear and decided to stay,” Schaeuble said.

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