Greece to plead leeway as IMF cash crunch looms

[WorldNews]

View attachment 21540​

Greece pushed Europe on Monday to back its reform plans and free up cash before a huge repayment to the IMF, but ministers meeting in Brussels warned there would be no bailout deal yet. The eurozone's 19 ministers meet in Brussels one day before Greece must pay a 750 million euro ($840 million) debt bill to the International Monetary Fund that some fear the Mediterranean nation cannot afford. Eurozone ministers are so far unswayed by the threat of financial catastrophe in Athens and have ruled out imminent compromise to unlock the 7.2 billion euros still owed Greece under its 2012 bailout. The bailout, the second since Greece's debt crisis erupted five years ago, expires next month, putting huge pressure on Athens.

Continue reading...