IMF Says It Still Expects Greece to Pay $1.7 Billion Due Tuesday
Summers: There's No Reason Greece Can't Prosper
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The International Monetary Fund said it still expects Greece to repay $1.7 billion due Tuesday, as the lender and other creditors struggled to reach a last-minute accord with the nation to keep it from running out of cash.
“Our expectation is that the payment will be made,” Gerry Rice, the fund’s chief spokesman, said Thursday at a regular press briefing in Washington. The fund’s longstanding policy isn’t to extend payment deadlines, and Greece would immediately be in arrears if the money doesn’t arrive, he said.