Greece 'has no money' to meet IMF debt repayment

May 24th, 2015  
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Topic: Greece 'has no money' to meet IMF debt repayment

Greece warned Sunday it has no money to repay the International Monetary Fund on time in June unless a deal is reached with its creditors, in a stark warning that the country could be just days away from defaulting. Athens already had a close shave in May, when it was only able to scrape together the 750 million euros ($845 million) due to the IMF then by raiding its emergency reserves. With the clock ticking down to four more debt instalments from June 5, Interior Minister Nikos Voutsis told Mega TV that the country has nothing left for the IMF in its coffers.


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