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Wednesday, 01 July 2015 - 12:55
Greece debt crisis: IMF payment missed as bailout expires
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Greece has missed the deadline for a 1.6 billion Euro payment to the International Monetary Fund, hours after eurozone ministers refused to extend its bailout.

But the ministers said they would discuss a last-minute suggestion from Greece for a new bailout programme.

Greece is the first advanced country to fail to repay a loan to the IMF and is now formally in arrears.
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