Time Bound: ‘Greece confident of paying IMF on time’

Greece has a deadline of April 9 to pay the IMF €460 million to meet the conditions of its loan agreement

ATHENS: Greece will meet its financial obligations to the International Monetary Fund (IMF) and pay workers’ salaries and pensions next week, according to a government source, easing speculation that Athens could default on its debts with unknowable consequences for global markets. “Everything that should be paid next week, the IMF, wages, pensions, will be,” said the source, speaking on condition of anonymity. Greece has a deadline of April 9 to pay the IMF €460 million ($500 million) to meet the conditions of its loan agreement, and speculation had been rife it would fail to pay if forced to choose between workers and the institution. Another source told the media that the payment of €250 million in interest due later this month and the question of €2.4 billion worth of government bonds due to mature on April 3 and 17 were also no longer sources of anxiety for the hard-left administration of Prime Minister Alexis Tsipras.

Published in The Express Tribune, April 5^th, 2015.

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