GREECE CRISIS: EU, postpone payments does not imply insolvency – BBC

12:40 MILAN (Dow Jones) – ” The decision of Athens to aggregate payments due to the IMF and ‘in line with the rules of the Fund and it’ already ‘been taken in the past. No one doubts the ability’ of member states to honor their financial obligations. ” This was stated by Margaritis Schinas, spokesman for the European Commission, during a meeting with the press to explain that the Commission learned of the decision of Athens from “announced last night. We have asked for an explanation why ‘and’ a chance ‘that the rules IMF expected. ” The spokesman also reiterated that the work between Athens and international creditors “continue. An agreement and ‘possible and the parties are focusing on the outstanding issues. The Commission will support’ the process.” Schinas then explained that the issue of the Greek crisis is not ‘one of the issues on the agenda for the G7 to be held’ on Sunday and Monday ‘at Schloss Elmau in Germany, but “leaders have many opportunities to discuss issues of common interest “. b (end) AFX NEWS 0512: 39 June 2015