ATHENS (Reuters) - Greece has executed a payment of 450 million euros to the International Monetary Fund for a loan installment due Thursday, a government official told Reuters.
Shut out of debt markets and with official aid frozen, Athens is expected to run out of cash in weeks. Government officials had raised the option of defaulting on the IMF payment, though Athens in recent days has sought to quash such talk and promised it would meet its obligations.
"The payment has been made," the official said, confirming that the funds had been transferred to the IMF.
(Reporting by George Georgiopoulos, Writing by Deepa Babington)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
