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What Would Happen If Greece Doesn’t Pay the IMF: Q&A
Cash-strapped Greece needs to repay almost 1.6 billion euros ($1.76 billion) to the International Monetary Fund next month, an obligation Interior Minister Nikos Voutsis said the country can’t and won’t meet, if there’s no deal to unlock bailout funds in the meantime. Here’s a list of questions and answers on what can happen next: Q: When are the next IMF payments due? A: Greece owes the IMF about 20 billion euros in principal over the next nine years for the bailout loans it has received. Four payments, totaling almost 1.6 billion euros are due next month, starting with a 308 million-euro payment on June 5. ... (full story)
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