The Traderszone Network

Published in TZ Latest News 5 April, 2015 by The TZ Newswire Staff

Greece moves to quell default fears, pledges to meet ‘all obligations’

Greek Finance Minister Yanis Varoufakis said on Sunday that Greece “intends to meet all obligations to all its creditors, ad infinitum,” seeking to quell default fears ahead of a big loan payment Athens owes the IMF later this week. Following a meeting with the head of the International Monetary Fund, Varoufakis told reporters the government plans to “reform Greece deeply” and would seek to improve the “efficacy of negotiations” with its creditors. Most urgently, Athens is on the hook for a roughly 450 million euro loan repayment to the IMF due this Thursday.

read more