“Greece has made enormous progress in reaching an agreement with international creditors and avoid bankruptcy.” Yanis Varoufakis, Greek finance minister.
Yanis Varoufakis, Greek finance minister, told the BBC he was confident even reach agreement with creditors. Photo: Reuters
Greece can not make the payment of debt to the International Monetary Fund (IMF) scheduled for next month unless it reaches an agreement with creditors, said Nikos Voutsis, Interior Minister in Athens more explicit statements about the possibility of falling into default.
Outcast of the capital markets, Athens is seeking funds to meet its debt obligations and pay pensions and salaries.
After four months of negotiations with its partners in the eurozone and the IMF, Athens still struggling to agree to release up to 7,200 million euros (7,900 million) in outstanding aid to avoid bankruptcy and that its future membership in the euro zone is not at stake.
“The four quotas June IMF are 1,600 million euros (1,800 million dollars). That money is not delivered and is not there to be delivered, “said Voutsis the Greek Mega TV.
A Voutsis was asked about a” credit event “, a term that covers scenarios as bankruptcies or moratoria, if Athens fails to meet a payment.
“What we are discussing, based on our limited optimism is that there is a firm agreement (with creditors) so that the country can breathe “replied the minister.
Athens warned that without an agreement before risked running out of funds in the short term, but insisted he had plans to meet outstanding payments.
“extreme austerity”
A Greece require you to make more spending cuts and reforms to secure funding, but the Greek government opposes measures that could worsen the situation and prevent it from recovering from the recession.
Voutsis said the government was determined to fight the strategy lenders “choking”.
On Saturday, trying to placate the left wing faction his party Syriza, Alexis Tsipras, Greek Prime Minister added that the government was in the final stages towards an agreement, but they would not accept “humiliating conditions”.
Meanwhile, Panagiotis Lafazanis Minister Energy, which belongs to that faction left in Syriza, said the government must prepare the Greek people for the eventuality that a compatible agreement is reached their promises.
Lafazanis further explained that Greece must prepare for any possible workaround to avoid new measures and privatizations.
Meanwhile, Yanis Varoufakis, Greek finance minister said in an interview with the BBC that the Greek government has made “enormous progress to reach an agreement with international creditors to avoid bankruptcy. “
” Now it is up to the institutions to do their part. We traveled three quarters of the way, now it is up to them the remaining quarter, “he said Varoufakis in the program on the BBC Andrew Marr.
Varoufakis also said it would be” catastrophic “if Greece left the euro, predicting that would be the “beginning of the end of the common currency project”
Missing work. FMI
Meanwhile, Christine Lagarde, IMF managing director, said a potential agreement to resolve the debt crisis of Greece still needs much work and do not rush.
“I know there is much work to be done. The parties (involved) are working, receiving proposals, cooperating and will continue to do so as quickly as we can, “Lagarde said at an event at the Central Bank of Brazil in Rio de Janeiro.
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