NEWS

Greece to make 350 mln euro loan repayment to IMF on Friday

Greece has enough cash to repay a last loan instalment to the International Monetary Fund on schedule on Friday, a government official said in Brussels, where Prime Minister Alexis Tsipras was attending an EU summit.

“We will pay. We have the money to pay the IMF on Friday,” the official told Reuters after Deputy Prime Minister Yannis Dragasakis said on a TV talk show that Athens was facing a “liquidity problem.”

Tsipras was due to meet the leaders of Germany, France and the main euro zone institutions later on Thursday to discuss Greece’s debt crisis and how to avert a cash crunch. [Reuters]