Financially-Troubled Greece Meets IMF Deadline

April 9, 2015 8:30 PM

54 0

After weeks of mixed signals about its intentions, today Greece paid off part of a loan it owes to the International Monetary Fund. The $485 million payment came as a big relief to the financial markets, which have been worried that Athens might default on its debts. But Greece has more loans coming due later this month, and its funds are growing tight. NPR's Jim Zarroli has more.

JIM ZARROLI, BYLINE: Greece's left-wing government came to power in January promising to take a much tougher stance with the country's creditors, who've imposed punishing austerity measures on the country. The government's rhetoric set it up on a collision course with the major Eurozone powers, but ...

Read more

To category page