By Paul Carrel and Angeliki Koutantou
The IMF dashed any hope on Thursday that Greece could avert default if it fails to repay a 1.6 billion loan by the end of June, piling pressure on leftist Prime Minister Alexis Tsipras, who showed no sign of yielding to creditors’ demands.
Euro zone finance ministers descended on Luxembourg for a meeting once billed as the final chance to reach a deal, but any expectation of a breakthrough there had all but vanished with Athens ruling it out as a forum to discuss new proposals.
Ireland’s finance minister said he expected any chance of a last-ditch …read more
Source: Cyprus Mail
