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Athens set to repay ECB and IMF loans

2015-07-20 36 Dailymotion

It has been a day of furious financial activity in Athens including the government writing two significant cheques – a sign, believe many the country is slowly getting back to normal.<br /><br /> Finance ministry officials confirmed to media sources the process for the repayment of billions of euros to two creditors.<br /><br /> Four point two billion euros in principal and interest is on its way to the European Central Bank – meeting Monday’s deadline.<br /><br /> The International Monetary Fund will get the 2.05 billion euros it is owed but late after Greece became the first developed country to default on an IMF loan.<br /><br /> The money sent across to the IMF’s Washington headquarters covers the 1.6 billion repayments due in June plus a second due last week.<br /><br /> It’s understood the government is also repaying a 500 million euro loan to the Greek central bank.<br /><br /> Splashing the cash has been made possible due to the country’s 7.16 billion bridging loan coming on tap. <br /><br /> That will be enough to see Athens through July and the

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