Greece starts paying back the ECB, IMF

20-Jul (CNBC) — Greece has begun to repay the 6.25 billion euros ($6.8 billion) it owes to the European Central Bank (ECB) and International Monetary Fund (IMF), finance ministry officials told Reuters Monday.

However, experts are worried that the next round of bailout talks is skating over one vital subject: Debt relief.
According to Reuters, Athens on Monday began paying back 4.2 billion euros in principal and interest to the ECB and 2.05 billion euros in arrears it has owed the IMF since it stopped repaying its debts at the end of June.

It is also repaying a 500 million euro loan to the Greek central bank.

[source]

PG View: Here’s the thing though: They are paying these debts with more borrowed money, which puts them even deeper in debt.