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Greece makes IMF, ECB debt payment, no longer on default

by

ISTANBUL Jul 20, 2015 - 12:00 am GMT+3
Greek Prime Minister Alexis Tsipras (Right) sits next to Finance Minister Euclid Tsakalotos (L) as he attends a parliamentary session in Athens, Greece July 16, 2015.
Greek Prime Minister Alexis Tsipras (Right) sits next to Finance Minister Euclid Tsakalotos (L) as he attends a parliamentary session in Athens, Greece July 16, 2015.
by Jul 20, 2015 12:00 am
Greece has begun making a 4.2 billion euro ($4.6 billion) payment due to the European Central Bank on Monday as well as outstanding sums due to the International Monetary Fund, a ministerial source said.

"The payment has begun," confirmed the source close to the Greek finance ministry. The transfer was made possible by a short-term "bridge" loan of 7.16 billion euros granted by the European Union on Friday.
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