Greece Will Not Make June IMF Repayment

According to Greece's Interior Minister Nikos Voutsis, the country will not make a debt repayment to the International Monetary Fund due next month as it does not have the money. Voutsis said, "The four installments for the IMF in June are 1.6 billion euros, this money will not be given and is not there to be given." Shut out of bond markets and with bailout aid locked, Athens has been scraping state coffers to meet debt obligations and to pay wages and pensions.