Greece aims to repay IMF loans earlier as bond yields fall

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Greece aims to repay IMF loans earlier as bond yields fallThe yield on Greece’s 10-year bond dropped further to 3.28% Monday, matching levels not seen in 14 years

AP reports from Athens that the Greek government says it is in talks with European bailout lenders to repay its debts to the International Monetary Fund early as market borrowing rates tumbled to their lowest level since 2005.

Government spokesman Dimitris Tzanakopoulos noted Greece is hoping to repay a “significant portion” of its remaining 9.6 billion euros ($10.9 billion) owed to the IMF ahead of schedule. His remarks Monday follow a meeting in Washington between Greek Finance Minister Euclid Tsakalotos and IMF managing director Christine Lagarde.

Greece would need approval from the eurozone’s rescue fund to repay its IMF loans early, but top officials in the agency and the European Commission have already lauded the idea.

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinations Greek travel marketGreek tourism statisticsGreek tourism report

 


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