Creditors said to be examining blocking early IMF loan payment

Greece's European creditors may postpone a decision allowing the country to pay off an expensive chunk of its debt to the International Monetary Fund unless the government curtails promises of handouts and sticks to its post-bailout commitments, sources have told Kathimerini.

According to reports, creditors are concerned about a planned reduction of primary surplus targets from 3.5 percent of gross domestic product to 2.5 percent for the 2020-2022 period announced as part of a contentious relief package by Prime Minister Alexis Tsipras last week, which may be seen as a violation of the country's commitments.

On Friday, Bloomberg reported that creditors are "open to sanctioning the country for a potential breach of debt obligations over a proposal to lower its annual primary surplus."

Sources with knowledge of the discussions told Kathimerini on Monday that the...

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