The IMF refused to fund Greece for late payment – RBC

The International Monetary Fund can not continue funding Greece. This is due to the fact that Athens missed payments on previous loan, the IMF representative explained.

«Managing Director [of the IMF, Christine Lagarde] explained the inability to continue to provide assistance to Greece in the framework of the policy to avoid debt,” – he said (quote by Reuters).

In a statement issued before the IMF stated that the Fund is monitoring the situation in the country after the referendum and is ready to help Athens if follow such a request.

1 July International Monetary Fund officially confirmed that Greece had failed to pay on time € 1,6 Bln. overdue payments to the IMF is equivalent to a default.

The head of the Fund, Christine Lagarde, to discuss the subject of Greek debt with Russian President Vladimir Putin. A spokesman for the head of state, Dmitry Peskov, said that the parties have not discussed the possible provision of assistance to Greece and Russia have agreed to continue the search for a way out of the situation, which turned out to Athens.

Earlier, a member of the Governing Council of the European Central Bank, Christian Noyer said that Greece’s debt before the ECB can not be restructured. “The debt of Greece to the ECB in principle can not be restructured because it would be monetary financing”, – he explained.

July 5 in Greece held a referendum on support for the proposals of creditors on austerity measures. Against conditions were 61.31% of creditors voted for – 38.69%. Tuesday, July 7 held an emergency EU summit, which will discuss the results of the referendum

French President Francois Hollande and kantselr Angela Merkel urged the Greek prime minister Alexis Tsipras quickly creditors do “serious” proposal. “We say very clearly that the door to negotiations remains open, and tomorrow’s meeting of the leaders of the eurozone countries must be understood in this sense. But at the same time we say that until now there are no conditions for the beginning of negotiations on a specific program of assistance “, – said Merkel.