Alexis Tsipras is under increasing pressure. © Petros Giannakouris/AP/Press Association Images
Greece’s decision not to pay the International Monetary Fund the €300m it owes the creditor today and to “bundle” all of the €1.5bn due in June to the end of the month means that the long-running saga over Greece is going to rumble on for a while. But a denouement is on the horizon.
The laborious negotiations cannot continue ad nauseam for the simple reason that with the payments due to the IMF, and almost €7bn due to the European Central Bank in July and August, Greece will run out of …read more
Source: Prospect
