Greece 'has no money' to repay debt
menier111
Published
05/25/2015
Greece warned it has no money to repay the International Monetary Fund
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"The instalments for the IMF in June are 1.6 billion euros ($1.8 billion). This money will not be given. There isn't any to be given. This is a known fact," -
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Last week, the parliamentary spokesman for Syriza said that the government would be unable to honour a repayment to the IMF -
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Others in the ruling party are less radical, including MEP Dimitris Papadimoulis who called on Syriza to accept "difficult compromises" in order to reach an agreement and avoid a "disastrous" breakdown in the talks. -
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Local media have reported that the creditors are seeking a further 5 billion euro reduction in the government's budget through measures including more pension cuts and lay-offs -
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