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MercoPress, en Español

Montevideo, November 22nd 2024 - 12:19 UTC

Tag: s

  • Wednesday, July 1st 2015 - 05:41 UTC

    Greece in IMF 'arrears'; it will default when it misses commercial payment

    S&P’s said it would designate Greece as being in default, if it cannot make payments to private creditors: ie €2 billion in Greek Treasury bills due 10 July

    Greece on Tuesday became the first developed country to join a roster that includes some of the world’s poorest and worst governed nations, including Iraq, Sudan, Somalia and Zimbabwe. Those are a few of the countries that have missed payments to the IMF as Greece did Tuesday, when it failed to make a loan payment of about 1.5 billion Euros, or $1.7 billion, to the fund.