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Greek default: No financial impact on Singapore

Lawrence Wong tells Parliament there could be some knock-on effects globally should crisis unravel, leading to Grexit

Lee U-Wen

Published Tue, Jul 14, 2015 · 09:50 PM

Singapore

SINGAPORE has not suffered any financial impact as a result of Greece missing a US$1.7 billion repayment to the International Monetary Fund (IMF) on June 30, said Monetary Authority of Singapore (MAS) board member Lawrence Wong.

Speaking in parliament on behalf of MAS chairman and Finance Minister Tharman Shanmugaratnam on Tuesday, he stressed that Singapore's financial exposure was to the IMF - not to the countries that the IMF lent to.