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Greece will not make IMF payment
25 May 2015 12:12
Greece will not make a debt repayment to the International Monetary Fund due next month as it does not have the money, the country's interior minister said.
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"The four installments for the IMF in June are €1.6 billion, this money will not be given and is not there to be given," Nikos Voutsis told Greek Mega TV's weekend show.
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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.
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Finance Minister Yanis Varoufakis said Greece has made "enormous strides" at reaching a deal with its international lenders to avert bankruptcy.
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"It is now up to the institutions to do their bit. We have met them three quarters of the way, they need to meet us one quarter of the way," he told the BBC's Andrew Marr show.
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Mr Varoufakis also said it would be "catastrophic" if Greece left the euro, predicting it would be would be "the beginning of the end of the common currency project".
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