Greece Isn’t Preparing Default – Tsipras Dispels Rumor – 15 April 2015

RT logoGreece isn’t planning a debt default, contrary to reports in the Financial Times, says Prime Minister Alexis Tsipras.

“Greece … is not preparing for any debt default and the same goes for its lenders. Negotiations are proceeding swiftly towards a mutually beneficial solution,” Prime Minister Tsipras’ office said in a statement, Reuters reported.

Greece is scheduled to make several payments to the IMF in the next few months. On May 1 €203 million is due, another €770 million on May 12, and about another €1.6 billion in June in Special Drawing Rights (SDRs), an artificial currency created by the IMF that the institution uses to give out extra funds.

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