WASHINGTON (Sputnik) — The Greek government has repaid a $494 million loan to the International Monetary Fund (IMF) and now must work to implement much-needed reforms, IMF Managing Director Christine Lagarde said after a speech at the Atlantic Council in Washington, DC on Thursday.
When asked if the Greeks paid back their debt, Lagarde said:
"Yes, I have got my money back [from Greece]."
The IMF and the EU provided Athens with loans to stave off bankruptcy. Greece still owes some $270 billion in debt loans to the EU.