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IMF chief rules out possibility of granting delay to Greece to repay loan

June 28, 2015, 1:45 updated at: June 28, 2015, 2:31 UTC+3 LONDON
"I can no longer pay for Greece," she told the BBC answering a question on the fund’s stance after June 30
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LONDON, June 28. /TASS/. Managing Director of the International Monetary Fund (IMF) Christine Lagarde has ruled out the possibility of granting a delay to Greece for repaying its loan to the fund, whose deadline expires on June 30.

"I can no longer pay for Greece," she told the BBC answering a question on the fund’s stance after June 30 . She added that Greece wouldn’t have access to funding until it settled all the issues with the fund.

Lagarde has warned that the upcoming referendum in Greece on the country’s relations with international lenders will have no legal force.

She noted that from the legal point of view the referendum would concern the proposals and measures, which were no longer in force.

Lagarde explained that the plebiscite would held after the June 30 deadline for repaying the loan and extending the Eurogroup assistance expired.

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