IMF block on tour operators for hotel payments

US Tour Operators have refused to cover payments to Greek hotel owners fearing their moneys will be frozen after Greece failed to meet a 1.6 bln Euro payment to the IMF in the early hours of the morning said, president of the Panhellenic Association of Hoteliers, Yiannis Retsos.

The problem Greek hotel owners face is that even if Tour Operators deposit money in Greek bank accounts it is unclear when and whether the money will be blocked.

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