Baku, Azerbaijan, June 30
By Rufiz Hafizoglu - Trend:
Turkey is ready to render full assistance to Greece in order to revive this country's economy, Turkish Prime Minister Ahmet Davutoglu said June 30.
The prime minister said that stability in Greece is important for Turkey, TRT Haber news channel reported.
Greece will not make the 1.6 billion euro debt payment that it owes the International Monetary Fund (IMF) June 30.
Creditors rejected the Greek government's request for granting a moratorium on debt repayments to the IMF and for prolonging the aid program June 28, TASS reported.
They also refused to prolong the program of aid to Greece for the third time unless an agreement on Greek reform program is reached.
IMF Managing Director Christine Lagarde ruled out the possibility of providing a period of grace for the loan payment for Greece. It is highly likely that this can lead to a default of Greece on IMF loans.
As a result, Greece can withdraw from the Eurozone, which will be a serious blow not only to the single European currency, but also to the world economy.
Edited by CN
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