Greek state repays IMF loan instalment despite growing cash crunch

USA TODAY / AP: Greece’s government has given the order to repay a roughly 450 million euro ($485-million) loan instalment to the International Monetary Fund due Thursday — a debt Athens had insisted it will honor despite being severely cash-strapped.

The debt stems from Greece’s international bailout, under which the country was extended 240 billion euros in rescue loans from other eurozone countries and the IMF to prevent bankruptcy…

Doubts about whether Athens could repay the loan had renewed fears the country might default and have to leave the eurozone… (more)

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