Greece cannot make a repayment to the International Monetary Fund (IMF) due on 5 June as it does not have the money, the interior minister says.
“The four instalments for the IMF in June are €1.6bn, this money will not be given and is not there to be given,” Nikos Voutsis told Greek TV.
Greece has to come to a deal with the IMF and EU to secure the final tranche of its bailout from the institutions.
The finance minister meanwhile told the BBC that progress was being made.
via BBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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