Greece's debt repayment faces serious hurdles

(MENAFN) The continuing refugee emergency facing Europe could cause big trouble for Greece as it seeks to address problems with its bailout program from the IMF, based on recent reports.

Over the weekend, a deal between the EU and Turkey to allow Greece to start sending refugees back to their homelands if certain conditions aren't fulfilled, came into force, but doubts still exist.

One of the major fears facing Greece, is that the biggest debt settlement the nation will have to make in 2016 comes in July, when bailout repayments to the IMF worth more than USD3 billion is due.

"If this influx happens again, tensions could reach a peak by the summer, when Greece has to repay some USD3 billion in debt and interest to the IMF in July-20," stated an official from HSBC.


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