Tuesday, April 21, 2015

21 April 2015 - EU top 24 April will not lead to consensus, IMF refuses to postpone due dates of 1 May (200 m) and 12 May (750 m euro)

Greece still has possibility to get the last tranche of the bailout program, 7,2 bn, offer expiring June 30.

At the moment, Greek plan are now way af enough EU ministers will agree to 7,2 bn on April 24.

12 May Greece is due to repay IMF 950 bn, and IMF chief Lagarde set IMF never postponed a due date last 30 years.

Varoufakis asked for postponement of Greece’s upcoming payments to the IMF (€200m on May 1st and €750m on May 12th),

Greece' total amount of due repayments to IMF in May plus June are €2.5 billion ($2.7 billion) in total.

IMF rejects postponement of any due date.

http://www.economist.com/news/europe/21648733-no-extensions-greeces-debt-crunch

End of April Greece will have to choose to pay EITHER a) salaries in euro b) IMF in euro's on May 1 and 12.

Philippe Blankert 21 April 2015 - internetavenue@outlook.com

http://euro-drachma-grexit.blogspot.nl/

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