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Greek non payment to IMF 'act of default' EFSF says

EFSF board won't ask Athens for 'immediate payment of loans'

Redazione Ansa

(ANSA) - Brussels, July 3 - Greece's missing a payment to the International Monetary Fund is a "default event" that has been notified to the European Financial Stability Facility (EFSF) but its board of governors has decided to wait and "not to ask" Athens for "immediate payment of the loans allocated nor to use its right to act," that is to say not to use any of the options at its disposal, the EFSF said Friday.
   

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