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Greece to Make Key ECB Debt Payment Before Deadline

Bloomberg business news

How Is Greece Making $7.4B Payments to ECB, IMF?

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Greece repaid about 6.8 billion euros ($7.4 billion) to creditors, as depositors queued at reopened banks in the first signs of normality after last week’s bailout deal.

The European Central Bank and the International Monetary Fund both confirmed receipt of money owed, and a Greek Finance Ministry official said earlier that the country ordered payments to both those institutions and its central bank. The disbursements close one chapter on Greece’s debt crisis after five months of bailout talks that culminated in a frenzy of last-minute negotiations a week ago to meet the Monday deadline.