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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

Mr Varoufakis with Ms Lagarde at an eurozone finance ministers meeting in Luxembourg on Thursday. Greece's bid to obtain aid and shore up its position within the currency union is going down to the wire.


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 Lagarde, whose...

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