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Greek Crisis: Greece Misses Payment Worth 456M Euros To IMF

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| July 14 , 2015 , 06:00 IST
[caption id="attachment_80394" align="aligncenter" width="700"]File: Greek Prime Minister Alexis Tsipras speaks with the media after a meeting of eurozone heads of state at the EU Council building in Brussels on Monday, July 13, 2015. A summit of eurozone leaders reached a tentative agreement with Greece on Monday for a bailout program that includes "serious reforms" and aid, removing an immediate threat that Greece could collapse financially and leave the euro. (AP Photo/Geert Vanden Wijngaert) File: Greek Prime Minister Alexis Tsipras speaks with the media after a meeting of eurozone heads of state at the EU Council building in Brussels on Monday, July 13, 2015. A summit of eurozone leaders reached a tentative agreement with Greece on Monday for a bailout program that includes "serious reforms" and aid, removing an immediate threat that Greece could collapse financially and leave the euro. (AP Photo/Geert Vanden Wijngaert)[/caption] The International Monetary Fund (IMF) said on Monday that Greece missed a new repayment worth of about 456 million euros to it by the day after the country failed to make a 1.5 billion-euro repayment due on June 30. "The SDR 360 million principal repayment (about 456 million euros) due by Greece to the IMF was not received," said Gerry Rice, director of communications at the IMF in a statement, Xinhua reported. On June 30, Greece failed to make 1.5 billion euros of repayment to the Washington-based global lender. To date, Greece's arrears to the IMF total about 2 billion euros. Rice said that the IMF executive board will discuss Greece's request for an extension of the repayment due on June 30 in the coming weeks. After marathon tough negotiations, the leaders of euro zone countries reached a bailout agreement for Greece to avoid bankruptcy, provided the Greek government implements harsh austerity measures.

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