An hour away from default: Greece announced its refusal to pay its IMF debt

Greek Finance Minister Yanis Varoufakis confirmed that his country will not be able to pay its $1,5 billion debt to the International Monetary Fund within a few hours.

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It is reported by Radio Liberty.

The head of the Greek government called on the country's residents to reject the demands of international creditors in a referendum to be held on July 6. European leaders have warned that failure to meet creditor conditions would mean Greece leaving the euro zone.
On the topic: Greece did not find money to repay the IMF loan

Greece today may officially enter into default on loans provided by the International Monetary Fund, and today the rescue program for the Greek economy adopted by the IMF and the EU expires.

Earlier it was reported that Greece rejected the creditors' proposals and “closed the door to negotiations.”