Arab Today, arab today what greece still owes in 2015
Last Updated : GMT 23:12:04
Arab Today, arab today
Arab Today, arab today

What Greece still owes in 2015

Arab Today, arab today

Arab Today, arab today What Greece still owes in 2015

A woman walks past a wall bearing graffitti
Athens - AFP

Greece has missed a 1.5 billion euro ($1.7 billion) payment to the International Monetary Fund (IMF) sparking fears it is sliding towards a messy eurozone exit -- and it still has another 10 billion euros due this year.

The country has in total borrowed 240 billion euros from a series of lenders, from the IMF to the European Central Bank (ECB), the European Investment Bank (EIB), European Financial Stability Facility (EFSF), European governments and private investors.

The loans were made as part of two bailout packages, agreed in 2010 and 2012 to save the country from default as the financial crisis raged.

Though the repayments are set to continue until 2045, the biggest -- totalling some 15 billion euros -- are due this year.

After that, the country is expected to cough up six billion euros in 2016, 7.5 billion euros in 2017 and 3.5 billion euros in 2018. The next heavy year of repayments falls in 2018, when it owes 11 billion euros.

Here is a short breakdown of what is due this year:

Between July and December, Greece owes 10.3 billion euros to the IMF, the ECB and the EIB, not counting interest on three- and six-month Treasury bonds to be paid almost monthly.

- July 13: 455 million euros to the IMF

- July 20: 3.5 billion euros to the ECB

- July 20: 25 million euros to the EIB

- August 20: 3.2 billion euros to the ECB

- September: 1.6 billion euros to the IMF in four instalments due on September 4, 14, 16 and 21.

- October 13: 455 million euros to the IMF

- December: 1.2 billion euros to the IMF in three instalments due on December 7, 16 and 21.

 

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