Cash-strapped Greece repays first part of IMF loan due in March


  • World
  • Saturday, 07 Mar 2015

A Greek flag flutters between Saint George's bell tower and an olive tree atop the Lycabettus hill March 6, 2015. REUTERS/Yannis Behrakis

ATHENS (Reuters) - Greece repaid on Friday the first 310 million-euro instalment of a loan from the International Monetary Fund that falls due this month, as it scrambles to cover its funding needs.

Prime Minister Alexis Tsipras's newly elected government must pay a total of 1.5 billion euros to the IMF this month, but it is rapidly depleting its cash.

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