Greek Finance Minister Varoufakis confirms Greece will not pay IMF debt due on Tuesday.


Greece will not pay a Euro 1.6 billion debt installment to the International Monetary Fund due today, but Athens still holds out hope of a last-minute deal with creditors on an aid package, Finance Minister Yanis Varoufakis said.


Asked by a reporter if Greece would make the payment, Varoufakis replied: "No". On the possibility of an eleventh hour aid deal with international creditors,  Varoufakis said: "We hope so".


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