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Greece ‘confident’ of paying IMF on time

International Desk |
Update: 2015-04-04 02:02:00
Greece ‘confident’ of paying IMF on time Photo Courtesy: businesstimes.com.sg

DHAKA: Greece will meet its financial obligations to the International Monetary Fund (IMF) and pay workers' salaries and pensions next week, a government source said, easing speculation that Athens could default on its debts with unknowable consequences for global markets.

‘Everything that should be paid next week, the IMF, wages, pensions, will be,’ said the source, speaking on condition of anonymity, reports The Straits Times.

Greece has a deadline of April 9 to pay the IMF 460 million euros to meet the conditions of its loan agreement, and speculation had been rife it would fail to pay if forced to choose between workers and the institution.

Another source told the media that the payment of 250 million euros in interest due later this month and the question of 2.4 billion euros’ worth of government bonds due to mature on April 13 and April 17 were also no longer sources of anxiety for the hard-left administration of prime minister Alexis Tsipras.

BDST: 1202 HRS, APR 04, 2015

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