Greece: We have the money to avoid default

April 6, 2015 5:27 AM

68 0

After searching government accounts -- and maybe under the sofa cushions -- Greece appears to have found the money needed to make a crucial debt payment.

Finance Minister Yanis Varoufakis has told Christine Lagarde, the managing director of the International Monetary Fund, that Greece will meet the Thursday deadline for its 460 million euros ($505 million) payment to the group. The pledge should alleviate investor worries over a possible default.

Also read: China pledges over $100 million military aid to Cambodia

Read more

To category page