Greece's PM threatened not to repay IMF

FXStreet (Bali) - Greece's PM Alexis Tsipras warned, in a May 8 letter to ECB's Draghi, EU's Juncker, and IMF's Lagarde, that Greece wouldn't repay its IMF debt in May - despite eventually paid on May 12th - unless immediate liquidity was provided, according to a report via Kathimerini newspaper on Saturday.

Athens made the debt payment after withdrawing an account held at the IMF. In Tsipra's May 8 letter, as Reuters reports, citing Kathimerini's sources, "Tsipras said Greece was starved of domestic sources of liquidity as it has been meeting its domestic and foreign debt obligations despite not having received any aid under its 240 billion euro bailout since last August."