Greece ‘won’t make €1.6bn June repayment’

Greece cannot make debt repayments to the IMF next month unless it achieves a deal with creditors, its interior minister said yesterday, the most explicit remarks yet from Athens about the likelihood of default if talks fail.

Greece ‘won’t make €1.6bn June repayment’

Shut out of bond markets and with bailout aid locked, cash-strapped Athens has been scraping state coffers to meet debt obligations and to pay wages and pensions.

With its future as a member of the 19-nation eurozone potentially at stake, a second government minister accused its international lenders of subjecting it to slow and calculated torture.

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