Sunday, May 24, 2015

Greece can not repay the IMF in June – Le Figaro

The country must fulfill four installments amounting to 1.6 billion euros. The Interior Minister, Nikos Voutsis, said the country did not have the money.

Greece will not make refunds expected next month at the International Monetary Fund because it has no money, said Sunday the Minister of Interior. “The four payments to the IMF in June represented 1.6 billion euros. This money will not be given and there is nothing to give, “said Nikos Voutsis the Greek Mega TV channel. Deprived of access to bond markets, while related aid rescue plan are blocked, Athens is practically run out of funds to service its debt and pay salaries and pensions of its staff.

Meanwhile, Finance Minister Yanis Varoufakis said Sunday during a broadcast on the BBC that Greece has made “a huge step” in the negotiation of an agreement with its international creditors to avoid bankruptcy. “Now is the institutions to do their part. We have joined three quarters of the way, they must join us on a quarter of the way, “he said. Yanis Varoufakis felt it would be “catastrophic” for Greece to leave the euro. It would, he said, “the beginning of the end of the project of a common currency.”

According to a survey by the Institute for Public Issue and published pro-government daily Avgi also Sunday, the majority of Greeks supported the Government of Syriza party in negotiations with the country’s creditors while hoping a deal that allows the maintenance in the euro area. The survey shows that 54% of respondents approve of the way the Government of radical left Syriza party leading the negotiations, despite tensions with international creditors that Athens should not give, according to 59% of respondents.


No comments:

Post a Comment