#AceFinanceReport – GREECE:April.10: Greece on Thursday repaid (9 April) €448 million to the International Monetary Fund (IMF), amid ongoing talks in the EU capital, Brussels, on proposed reforms and extra bailout funds.
The IMF installment is repayment of a loan from the first Greek bailout in 2010 and part of €3 billion of total loan and bond payments due this month.
Greece needs to pay a further €1 billion in May and fund €1.5 billion of civil servants’ salaries and pensions each month.
It succeeded in selling new debt on Wednesday and, Greek sources told the AFP news agency, will meet all of its April repayments.
But things do not sound so rosy in Brussels.
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