Greece postpones latest D-Day by delaying IMF payment

Greece has missed its scheduled payment to the International Monetary Fund (IMF), announcing it will bundle debt due into a single figure at the end of the month instead.

Greece has become the first developed country to skip a scheduled payment to the International Monetary Fund after opting to delay the €300m that had been due today. Instead, in a move it says is consistent with legislation introduced in 1970 - and one technically permissable under IMF rules - the country will now bundle all its debts for June and pay the IMF at the end of the month. The IMF said the Greek authorities pledged to pay the entire €1.6bn debt due this month on 30 June, a decision which followed emergency meetings of the Greek parliament. The news is the latest update i...