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No grace period for Greece's 1.5b euro payment: IMF

Merkel is optimistic about reaching a deal when EU leaders meet at a summit next week

Published Thu, Jun 18, 2015 · 09:50 PM

Luxembourg

INTERNATIONAL Monetary Fund (IMF) chief Christine Lagarde said that Greece will not be given a grace period if it fails to make a payment at the end of the month as German Chancellor Angela Merkel said that there is still time to reach a deal on aid.

Ms Laga…

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