by Bill McBride on 5/24/2015 11:30:00 AM
Sunday, May 24, 2015
Greece said Sunday that it won’t have the money it is due to repay to the International Monetary Fund next month unless it strikes a deal with international creditors over further rescue funding.
Interior Minister Nikos Voutsis told privately owned television station Mega that Greece is scheduled to repay €1.6 billion ($1.76 billion) to the IMF between June 5-19, but the payments cannot be met.
“This money will not be given,” he said. “It does not exist.”
Posted by Bill McBride on 5/24/2015 11:30:00 AM