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Wednesday, June 17, 2015

Greece says it will run out of money by end of month without bailout deal

Central bank governor tells Greek parliament failure to reach agreement on debt will probably lead to country’s exit from the euro and EUGreece’s radical Syriza government has confirmed that it will run out of money by the end of the month unless its creditors agree to release €7.2bn (£5.1bn) in bailout funds.As Athens prepared to meet its lenders on Thursday amid an increasingly sour atmosphere of claims and counter-claims, lead negotiator Euclid Tsakalotos conceded that the country does not have the funds to make a €1.6bn payment due to the International Monetary Fund due on 30 June. Continue reading...


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