Greece Clears IMF Hurdle

With news that talks between Greece and its lenders are making slow but sure progress and Greece made a multi-million euro loan repayment to one of its lenders a day early, goodwill towards the country is hitting highs not seen for months. But analysts warn that the money and good spirits will quickly run out.

Keen to show the world that it can honor its debt obligations, the Greek finance ministry made a 750 million euro ($838.2 million) loan repayment to the International Monetary Fund (IMF) on Monday evening, a day before it was due.

Greece said it tapped an emergency IMF holding account to repay the debt, according to Reuters.  The move came after a what seemed a rare good news day in terms of talks between Greece and its lenders on reforms, without which the country cannot receive a vital last tranche of bailout aid worth 7.2 billion euros ($8.03 billion).


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