Finance Minister says Greece won't make IMF payment deadline

FBN's Ashley Webster on Greece's efforts to reach a deal with creditors.

Greece Finance Minister: Greece Won't Make IMF Payment

Europe Reuters

Greece will not pay a 1.6 billion euro debt installment to the International Monetary Fund due on Tuesday, but Athens still holds out hope of a last-minute deal with creditors on an aid package, Finance Minister Yanis Varoufakis said.

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Asked by a reporter if Greece would make the payment on Tuesday, Varoufakis replied: "No". On the possibility of an 11th hour aid deal with international creditors - with the current program expiring on Tuesday - Varoufakis said: "We hope so".

(Reporting by Lefteris Papadimos; Writing by Matt Robinson)