Thursday, April 9, 2015

Greece has made a €450M loan repayment to the IMF, Bloomberg reports, although other outlets just say that the country will make the payment today. The government had threatened to miss the deadline in order to avoid defaulting on "their own people" - Greece also needs to pay €1.7B in wages and pensions at the end of this month - but seems to have backed down.

Euro zone partners gave Greece six working days to improve a package of proposed reforms in time for finance ministers of the currency bloc to consider whether to release more funds to keep the country afloat when they meet on April 24.

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