(Reuters) - The International Monetary Fund may withhold the next slice of aid to Greece due next month, the head of euro zone finance ministers said on Thursday, spooking markets with the possibility of default. European stocks fell and safe haven bond futures rose after Jean-Claude Juncker said the IMF expected the European Union to step in if it were unable to release the June aid tranche, but that would be impossible.
Juncker's spokesman later clarified that if European and IMF inspectors were convinced by new Greek austerity measures, there would be no problem with the June aid tranche.
Greece's finance minister said this week that if the next 12 billion euro ($17 billion) payment was not forthcoming, the country would be unable to meet its obligations and would default.....read on
No comments:
Post a Comment