by Calculated Risk on 5/24/2015 11:30:00 AM
Sunday, May 24, 2015
Report: Greece will not make June IMF Payment
From the WSJ: Greece Won’t Meet IMF Repayments in June, Interior Minister Says
Greece said Sunday that it won’t have the money it is due to repay to the International Monetary Fund next month unless it strikes a deal with international creditors over further rescue funding.
Interior Minister Nikos Voutsis told privately owned television station Mega that Greece is scheduled to repay €1.6 billion ($1.76 billion) to the IMF between June 5-19, but the payments cannot be met.
“This money will not be given,” he said. “It does not exist.”