Greek government official confirms Athens will not repay €1.538 billion IMF loans by June 30

Market news

30 June 2015

Greek government official confirms Athens will not repay €1.538 billion IMF loans by June 30

A Greek government official confirmed on Monday that Athens will not repay €1.538 billion IMF loans by June 30.

IMF Managing Director Christine Lagarde said earlier this month that Greece would be in default as of July 1 if it failed to repay loans.

Standard & Poor’s downgrades Greece’s sovereign debt rating to CCC-

German Chancellor Angela Merkel: Europe should be able to find a common compromise

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