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TOPIC: Greece to miss June debt repayments to International Monetary Fund, interior minister says

Greece to miss June debt repayments to International Monetary Fund, interior minister says 9 years 7 months ago #134114

  • knlowrakz
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Greece will be unable to make its debt repayments to the International Monetary Fund (IMF) next month unless it can reach a deal with creditors, its interior minister said.Shut out of bond markets and with bailout aid locked, cash-strapped Athens has been scraping state coffers to meet debt obligations and to pay wages and pensions.After four months of talks with its Eurozone partners and the IMF, the country's leftist government is still scrambling for a deal that could release up to 7.2 billion euros ($10.1 billion) in remaining aid to avert bankruptcy."The four instalments for the IMF in June are 1.6 billion euros ($2.3 billion)," interior minister Nikos Voutsis told Greek Mega TV."This money will not be given and is not there to be given."He said the government did not want to experience a credit event if Athens missed an IMF payment."We are not seeking this, we don't want it, it is not our strategy," he said."We are discussing, based on our contained optimism, that there will be a strong agreement [with lenders] so that the country will be able to breathe."Previously, the Athens government has said it was in danger of running out of money soon without a deal, but insisted it still planned to make all upcoming payments.Greece making 'enormous strides': finance ministerThe government has been under pressure to agree to more cuts and reforms to secure the funding, but has opposed measures it says will make the situation worse by preventing recovery from the recession.Mr Voutsis said the government was determined to fight against the lenders' strategy of "asphyxiation"."This policy of extreme austerity and unemployment in Greece must be hit," he said."We will not escape from this fight."相关的主题文章:


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