According to officials briefed on the talks by both sides, Athens was persuaded not to make a specific request for a delay to the Fund, which is owed almost a €1bn in two separate payments due in May.
However, this is something that Greece is now denying.
Gov't spox denied the same day that Greece would ask for delay or repayments to the IMF.Whilst a denial is all very well, the reality is that Varoufakis will (as per City A.M.) on Friday (on the tail end of his last chance saloon meeting with Obama) meet with infamous sovereign debt lawyer Lee Buchheit, who has helped numerous countries restructure their debt. Buchheit is a partner at top US law firm Cleary Gottlieb.
— Yannis Koutsomitis (@YanniKouts) April 16, 2015
Varoufakis is clearly not meeting Buchheit to talk about the weather!
Greece has of course denied that it is planning to leave the euro.
We must of course disregard the denial and look to the reality, Greece is quite evidently planning to:
- Exit, and
- Devalue its soon to be reintroduced Drachma