VAROUFAKIS CONFIRMS: Greece will not pay the IMF today

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Greek Finance Minister Yanis Varoufakis

REUTERS/Charles Platiau

Greece's finance minister Yanis Varoufakis has made it official: Greece will miss its payment to the IMF on Tuesday.

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According to Reuters, Varoufakis said "No" when asked if Greece will make the debt installment of 1.6 billion euros due to the IMF.

On Monday, the Wall Street Journal reported that a Greek government official indicated that the payment will be missed, which was not unexpected.

Varoufakis is still holding out for a last minute deal with Greece's creditors, according to the report.

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