Amid growing pessimism about the ongoing negotiations between Athens and its international creditors to avert a Greek default, the International Monetary Fund (IMF) has ruled out any grace period beyond the 30 June deadline, when the country must pay back almost €1.6 billion to the fund. On that date, its bailout programme also expires.
Greece "will be in default - it will be in arrears vis-a-vis the IMF, yes, on 1 July,” the IMF’s Managing Director, Christine Lagarde, confirmed at…