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ATHENS – Depending on which SYRIZA party official who’s speaking, Greece will or won’t be able to make a 300 million euro ($333.55 million) payment on June 5 to the International Monetary Fund, one of its international lenders.

The inability to pay would technically trigger a default, although there is a grace period until June 30. But not being able to pay would have the impact of fueling fears Greece would be forced out of the Eurozone especially as Greece must pay a total of 1.6 billion euros ($1.78 billion) in June to the troika of the European Union-IMF-European Central Bank (EU-IMF-ECB).

Greece has been locked in stalled talks with the troika since getting a four-month bailout extension on Feb. 20 and has been bleeding cash fast since after being unable to come up with a credible list of reforms.

SYRIZA Parliamentary spokesman Nikos Filis told Mega TV that unless the troika releases a delayed 7.2-billion euro installment then Greece will not pay the IMF.

 

“If there is no prospect of a deal by Friday or Monday, I don’t know by when exactly, we will not pay,” he said, uncertain of the timetable.

Earlier, Economy Minister Giorgos Stathakis and Finance Minister Yanis Varoufakis said Greece would honor its debt obligations and pay the IMF, but only on June 5 for now as talks drone on.

 

The post Greece’s IMF Payment Uncertain appeared first on The National Herald.

Source: The National Herald
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