Article 8TZF Greece confirms repayment of €750m loan instalment to IMF

Greece confirms repayment of €750m loan instalment to IMF

by
Ian Traynor in Brussels and Helena Smith Smith in
from on (#8TZF)

Move aims to banish fears of insolvency in Athens but little optimism exists about a breakthrough in bailout talks any time soon

Greece moved to banish fears it was on the brink of insolvency and default on Monday, ordering the repayment of a750m (535m) in IMF loans hours before they were due.

The payment - timed in a calculated gesture to coincide with the latest exercise in brinkmanship with eurozone creditors in Brussels - came as a relief, though not as a surprise, to senior eurozone officials.

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