Greece can’t pay debt in June

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Greece can’t pay debt in June


A Greek government minister said that Athens will be unable to repay the International Monetary Fund (IMF) on schedule in June, reiterating previous warnings by officials during tense talks with the country’s creditors. Greece faces 4 debt repayments to the IMF from June 5. Athens would struggle to meet all of them without using bailout funds due to it that are being blocked by its international creditors. A failure to honor the repayments could result in default, raising the specter of a possible exit from the euro.

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