Greece defers IMF payment as proposals cross ‘red line’

Greece became the first country to defer a payment to the IMF since the 1980s as its game of brinkmanship with creditors goes down to the wire.

While international officials have reported some progress in recent days, German Chancellor Angela Merkel said that “we’re still far from reaching a conclusion”.

Prime Minister Alexis Tsipras said the troika’s list of proposals crossed his party Syriza’s “red lines”.