Advertisement

  1. National

Greece pays first debt installment early

Greece appears to have made some progress in bailout talks with its European creditors by repaying the latest instalment of its debt a day early.

Some analysts think today's repayment is just delaying the inevitable - a major default on its debt and all the chaos that would bring to the Eurozone.

View all 5 updates ›
  1. Richard Edgar

Greece repays 0.75bn euros a day earlier than expected

It took everyone by surprise when Greece stumped up three-quarters of a billion euros a day earlier than expected. Normally, these things go to the wire, because cash really is in very short supply in the country.

Perhaps it was a signal to the ministers gathering here that Greece really is trying to sort itself, that it wants to negotiate in good faith.

Now, that may be, but it's only one of the hurdles that the country faces this summer - a long list of bills that it has to pay. It needs a breakthrough here.

Today I think it inched closer to that, but tonight Greece is still in a precarious position.

More top news