Greece will not make payment to IMF on Tuesday

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Greece will default on its obligations to IMF as referendum looms

ANKARA – Greece will not be able to make a $2 billion debt payment to the International Monetary Fund due on Tuesday, a Greek government official said late Monday.

The Greek default will make the country ineligible for further aid from the IMF.

However, the default could be temporary. A referendum in Greece on Sunday will determine whether the country remains in arrears to the IMF or can unlock the next $8.2 billion bailout payment.

 

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