Greece To Pay Loan

The missed payment will follow a 1.6 billion euro payment to the IMF which Greece also missed paying last month, making it the first advanced economy to ever be "in arrears" with the fund - the IMF's official euphemism for default.

Greece will pay a loan tranche due on April 9 to the International Monetary Fund on time, its deputy finance minister said on today, seeking to quell fears of default after a flurry of contradictory statements on the issue in recent days.

The missed payment will follow a 1.6 billion euro payment to the IMF which Greece also missed paying last month, making it the first advanced economy to ever be "in arrears" with the fund - the IMF's official euphemism for default.

Greece will pay a loan tranche due on April 9 to the International Monetary Fund on time, its deputy finance minister said on today, seeking to quell fears of default after a flurry of contradictory statements on the issue in recent days.