Greece expected to repay IMF loan instalment due Thursday

April 9, 2015 7:08 AM

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ATHENS, Greece – Greece is expected to meet a deadline Thursday to repay a roughly 450-million-euro ($485-million) loan instalment to the International Monetary Fund — a debt Athens has insisted it will honor despite being severely cash-strapped.

The debt stems from Greece's international bailout, under which the country was extended 240 billion euros in rescue loans from other eurozone countries and the IMF to prevent bankruptcy.

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