Greece became the first advanced economy that transmits payment to the IMF. Board of the International Monetary Fund was informed that Greece is currently in arrears, said spokesman Gerry Rice in a statement after 1:00. The deadline for payment of $ 1.7 billion coincides with the expiry of the European rescue plan. Greece's request for an extension will be discussed by the board of the fund "timely," said Rice.
European Central Bank, must now consider the effect of any missed payment of Greek banks when considering emergency today. The result can affect the euro's membership of Greece. Klaus Regling said there is a possibility to request an early repayment of debt to the IMF, if omitted contributions to the Fund.
"Failure to IMF does not guarantee Grexit", said David Stubbs, global market strategist at JPMorgan Asset Management in London, in a note to clients.
Missed payment by Greece is the largest in the history of the IMF. There is a small chance that the Fund will approve Greece's request for an extension, said Andrea Montagnier, a former IMF board member who now heads the global economy program at the Atlantic Council in Washington.
Despite the missed payment is unlikely to change the way the IMF.
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