Saturday 10 December 2016

Greece sends official to talk to IMF after deadlock in debt talks

Independent.ie reporters

Published 16/01/2012 | 14:51

GREECE has sent senior officials to talk to the International Monetary Fund in Washington after key talks with the country’s creditor banks broke down.

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Fears of an unruly default are growing plunging the country back into the centre of the eurozone debt crisis as it needs a deal with banks exposed to its sovereign debt ahead of the payment of €14.5bn in bond redemptions due in March.

In addition, a deal needs to be done before another €130bn tranche in EU/IMF/ECB loan funds is released to the country.

"There is a little pause in these discussions,” said Greek Prime Minister Lucas Papademos.

“But I am confident that they will continue and we will reach an agreement that is mutually acceptable in time."

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