Greece moves closer to eurozone exit after delaying €300m repayment to IMF
by Larry Elliott, Heather Stewart and Helena Smith in from on (#AEA4)
Athens takes creditor by surprise, saying it will bundle together a1.6bn of debt payments due to International Monetary Fund and settle up on 30 June
Greece has moved closer to default and possible exit from the eurozone after telling the International Monetary Fund it would not be making a debt repayment of a300m (219m) due on Friday.
A crisis that has been going on for more than five years entered a new phase when Athens surprised the IMF by saying it intended to bundle up four payments in June totalling a1.6bn and make them all at the end of the month.
Related: Greece vows not to leave the euro after IMF payment defiance - live updates
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