EU debt fund says Greece is in 'default'

Source: EUobserver (EUOBSERVER) i, published on Friday, July 3 2015, 15:23.

The European Financial Stability Facility i (EFSF) has said Greece is in "default" after it failed to repay the IMF earlier this week. The facility holds €145bn of Greek debt. It hasn't demanded debt repayment, which would trigger a Greek euro exit. But its decision heightens tension ahead of Sunday's referendum.

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