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Greece pays IMF and ECB

Greece started on Monday paying its obligations towards its creditors.

More specifically, the General Accounting Office gave an order for the payment of about 2 billion euros to the IMF in addition to 4.2 billion euros to the ECB for a bond that expires today and about 500 million euros to the Bank of Greece.

The funds are part of the 7 billion euro bridge loan of the ESM provided by the agreement between Greece and its creditors.