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Monday, May 11, 2015

Whether Greece will honour tuesday's deadline of repaying €750M to the IMF?

Tension is building ahead of a key meeting of eurozone finance ministers in Brussels today which will discuss Greek debt concerns, reforms and the likelihood of an imminent deal. Although Greece seems to have enough money to meet Tuesday's deadline for the repayment of €750M to the IMF, the country is perilously close to running out of cash and defaulting on its debt. The IMF is now working with national authorities in southeastern Europe on contingency plans for a Greek default. Euro -0.4% to $1.1157

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