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Athens Cannot Make IMF Debt Repayments, Bankruptcy Next?
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24.05.2015
Greece's interior minister said the country cannot make debt repayments to the International Monetary Fund next month unless it achieves a deal with creditors, the most explicit remarks yet from Athens about the likelihood of default if talks fail.
Shut out of the 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.
Shut out of the 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.
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