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Tuesday, May 26, 2015

Greece says wants to make debt payments but needs aid urgently

By Renee Maltezou ATHENS (Reuters) - Greece intends to make good on its debt obligations but needs aid urgently to be able to do so, the government said on Monday, after several senior officials insisted Athens had no money to pay a loan instalment falling due next week. It must repay four loans totalling 1.6 billion euros ($1.76 billion) to the International Monetary Fund next month, starting with a 300 million euro payment on June 5 that is seen as the next crunch point for state coffers. Athens has the money to make monthly wage and pension payments this week, government spokesman Gabriel Sakellaridis told a news conference.


READ THE ORIGINAL POST AT uk.news.yahoo.com