Euro Under Pressure After Greece Warns it Could Fail to Meet IMF Repayment

The euro has come under pressure on the foreign exchanges after leading Greek politicians warned that the country would be unable to make its next debt repayment to the International Monetary Fund on 5 June without a rapid deal with its creditors.
At the start of a crucial two-week period for Greece, the credit rating agency Moody’s said there was a high and increasing risk that Greece would have to impose capital controls to keep money in its banks. Moody’s expressed concern about the state of Greece’s banking system and said the banks would need help from the ECB for some time even if a deal is reached soon.