Business
Tuesday June 30, 2015
Requires defer payment of 1,600 million euros
Greece sent a request to the International Monetary Fund (IMF) to defer payment of debts that expire Tuesday “until November” , said Deputy Prime Minister Yannis Dragasakis to state television.
Tuesday within that Athens has to pay 1,600 million euros the International Monetary Fund (IMF) is satisfied. Greek Finance Minister Yanis Varoufakis, admitted that his country would not pay the installments on time.
“We have submitted a request to the IMF to take the initiative to delay payment for November,” said Dragasakis, which allow Greece to avoid default.
Greece used in this way an arrangement of the IMF statutes allowing “at the request of a Member State”, without voting necessary “postpone” the date of reimbursement between 3 and 5 years, which corresponds to the duration of their loans.
The IMF board, which represents its 188 members, met to decide the matter, he told AFP one source close to the negotiations.
The executive director of the IMF, Christine Lagarde , had assured l June 19, as part of the stalled negotiations, that the agency would not grant any extension to Athens for payment . “The payment of Greece until 30 June. There will be a grace period of one or two months,” Lagarde warned after a meeting of the Eurogroup in Luxembourg. “If the July 1 that was not paid and not paid.”
Greece experienced a second day of capital controls: the banks were closed and the Greeks could only remove 60 euros from ATMs. The government of Greek Prime Minister Alexis Tsipras, asked its eurozone partners a new credit program for 29,000 million euros that would govern until 2017 and would be operated through the European Stability Mechanism (ESM) and restructuring the debt maturing after that date
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