Greece warns it has 'no money' to make IMF debt repayments

[unhappycamper]

http://www.dw.de/greece-warns-it-has-no-money-to-make-imf-debt-repayments/a-18473448

Greece says it cannot make debt repayments to the IMF due next month without more aid from its foreign lenders. Athens defaulting on its debt could mean a Greek exit from the single currency eurozone.

Greece warns it has 'no money' to make IMF debt repayments
24.05.2015

Greek Interior Minister Nikos Voutsis said Sunday Athens could not afford the next four installments it's supposed to pay to the International Monetary Fund (IMF) from June 5.

"The four installments for the IMF in June are 1.6 billion euros ($1.8 billion). This money will not be given and is not there to be given," Voutsis told Greek channel Mega TV. "This is a known fact."

Greece's leftist Syriza government has been locked in talks with its creditors - the European Union, the European Central Bank and the IMF - for the past four months, seeking a deal that could release 7.2 billion euros in remaining aid.

In exchange for unlocking the funds, the lenders are demanding Athens accept tough reforms and implement further spending cuts. Voutsis said the government was determined to fight against the lenders' strategy of "asphyxiation."