May
07

Greece Will Make Next Debt Payment, Varoufakis Says

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“We intend to pay every creditor,” Yanis Varoufakis, the Greek finance minister, said at the European Business Summit in Brussels. “We certainly intend to pay the I.M.F., and we will pay.”

BRUSSELS — Greece’s finance minister said on Thursday that the country would make its next major loan repayment to the International Monetary Fund on time, but there were few signs of an immediate breakthrough in a long-running stalemate between the government in Athens and its international creditors.

By making the payment of about 750 million euros (about $845 million) by Tuesday, Greece would tamp down speculation that the country will soon default on its huge debts and destabilize the eurozone economy. But the payment represents just one of several serious financial challenges facing Greece, which include government payrolls and a series of far bigger loan repayments…

Greece Will Make Next Debt Payment, Varoufakis Says

 

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