by NEOnline | KT As Eurozone officials warn that discussions with Greece may last until the end of April before an agreement is reached, the Athens government has told its creditors it will run out of money on April 9, according to Reuters. Quoting “Eurozone officials” Reuters writes that Greece made an appeal for more loans before reforms on which new disbursements hinge are agreed and implemented, but the request was rejected. The appeal was made by Athens at a teleconference of euro zone deputy finance ministers on Wednesday organised to assess how far Athens still was from meeting the conditions for unlocking new financial aid. The Greek representative said that a deal on the reforms should not be a "post mortem" for the country as "there is no way we can go beyond April 9th", eurozone officials said. He added that holding off with new loans until a deal with creditors can be reached was unrealistic. But others on the call, including Germany, reiterated that for Greece to get the reminder of the 240 billion euro bailout, Athens would have to agree on the reforms and implement them and there was no chance of releasing the funds on April 9. Euro zone officials pointed out to Greece that it could manage its liquidity by tapping funds of various entities in the Greek general government and those of state-owned companies, even if it had to pass appropriate laws to do so if necessary. But Greece repeated that this would not be enough to cover both the IMF repayments and its wage and pension obligations in April after next week. No resolution was reached on the call regarding what would happen if the talks continue beyond April 9 says Reuters.
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