Greece is due to repay to a loan of around €450 million to the International Monetary Fund today (9 April), amid concerns that the Greek government is on the brink of a default and could run out of money this month.
Yanis Varoufakis, Greece’s finance minister, flew to the United States on Sunday (5 April) to reassure Christine Lagarde, the managing director of the IMF, that the cash-strapped country would make the payment.
The government, which has reportedly been tapping state-owned entities and the EU’s structural funds for cash, will be able to pay pensions, civil servants and other obligations at the …read more
Source: European Voice
