Greece will not pay IMF debt on Tuesday: finance minister

Greek Finance Minister Yanis Varoufakis and head negotiator with Greece's lenders Euclid Tsakalotos (left) arrive at Prime Minister Alexis Tsipras' office in Athens, Greece on June 28, 2015.
Greek Finance Minister Yanis Varoufakis and head negotiator with Greece's lenders Euclid Tsakalotos (left) arrive at Prime Minister Alexis Tsipras' office in Athens, Greece on June 28, 2015.PHOTO: REUTERS

ATHENS (REUTERS) - Greece will not pay a 1.6 billion euro (S$2.4 billion) debt instalment to the International Monetary Fund due on Tuesday, 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 on Tuesday, Mr Varoufakis replied: "No". On the possibility of an 11th hour aid deal with international creditors - with the current programme expiring on Tuesday - he said: "We hope so".