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Greece to miss IMF payments amid fears of 'catastrophic' eurozone rupture
Discussion in 'All Categories' started by Paul - May 25th, 2015 2:49 am.
Paul
Paul
Greece will be unable to find the €1.6bn (£1.1bn) sum it is due to hand the International Monetary Fund (IMF) next month, one of the country’s ministers has admitted.
Nikos Voutsis, the Greek minister of the interior, said that “this money will not be given and is not there to be given”, speaking on Mega TV. The Greek state is due to hand over the money in four installments in June, as part of its obligations for its 2011 bail-out.
Mr Voutsis’ comments came as Yanis Varoufakis, the Greek finance minister, told The Andrew Marr Show that if progress was not made, it would be the beginning of the end for the euro project.
http://www.telegraph.co.uk/finance/economics/11626969/Greece-to-miss-IMF-payments-amid-fears-of-catastrophic-eurozone-rupture.html
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