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Greece pushed a step closer to Grexit after IMF snub
Source: The Guardian
Greece pushed a step closer to Grexit after IMF snub
Christine Lagarde’s refusal to allow any delay in bailout repayments heightens
fears that the US and Europe are preparing for Greece to leave eurozone
Phillip Inman in Washington
Thursday 16 April 2015 18.54 BST
Greece has been pushed a step closer to default and potential exit from the euro after one of its main lenders, the International Monetary Fund, all but ruled out allowing the cash-strapped country to delay repaying the €1bn (£722,000) due next month.
The head of the IMF, Christine Lagarde, said delaying the payments would be an unprecedented action that would only make the situation worse.
Speaking at the organisation’s spring meeting, she said: “Payment delays have not been granted by the board of the IMF in the last 30 years.”
Her intervention is likely to heighten fears that senior policymakers in the US and Europe are preparing for Greece to leave the eurozone.
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Christine Lagarde’s refusal to allow any delay in bailout repayments heightens
fears that the US and Europe are preparing for Greece to leave eurozone
Phillip Inman in Washington
Thursday 16 April 2015 18.54 BST
Greece has been pushed a step closer to default and potential exit from the euro after one of its main lenders, the International Monetary Fund, all but ruled out allowing the cash-strapped country to delay repaying the €1bn (£722,000) due next month.
The head of the IMF, Christine Lagarde, said delaying the payments would be an unprecedented action that would only make the situation worse.
Speaking at the organisation’s spring meeting, she said: “Payment delays have not been granted by the board of the IMF in the last 30 years.”
Her intervention is likely to heighten fears that senior policymakers in the US and Europe are preparing for Greece to leave the eurozone.
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Read more: http://www.theguardian.com/business/2015/apr/16/greece-moves-step-closer-to-grexit-after-imf-snub