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IMF Won’t Help Greece If Payment Missed, Lagarde Says

From bloomberg.com

International Monetary Fund officials, stung by the breakdown of negotiations over a new European bailout package for Greece, won’t provide further aid if the Greeks miss a payment due to the IMF on June 30, Managing Director Christine Lagarde said. Lagarde, in an interview with the BBC, also said a referendum scheduled in Greece for July 5 will be asking voters to weigh creditors’ proposals that are no longer under consideration. “I can’t speak for the IMF program, because the IMF program is on, but the European financial arrangement expires June 30,” she said. “So, at least legally speaking, the referendum will ... (full story)

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