Greece unlikely to make IMF repayment tomorrow – ECB’s Nowotny

FXStreet (Mumbai) – The European Central Bank (ECB) member Edwald Nowotny was on wires stating that Greece is unlikely to make IMF loan repayment tomorrow, but said that would not amount to a default.

Nowotny added that the situation in Greece is very dramatic and expressed hope that a referendum would lead to a “sensible situation”.

Meanwhile, EU commissioner Oettinger said that Greece remaining in the Eurozone is “more than questionable” while Austrian fin min Schelling said “Grexit will be avoided”.

The European Central Bank (ECB) member Edwald Nowotny was on wires stating that Greece is unlikely to make IMF loan repayment tomorrow, but said that would not amount to a default.

(Market News Provided by FXstreet)