We'll go bankrupt in a week, Greece warns creditors as trust frays in debt drama

Section:

By Mehreen Khan
The Telegraph, London
Thursday, April 2, 2015

Greece will go bankrupt in within a week, government officials have told their creditors, as the country's bailout negotiations push the cash-starved government to the wire.

A Greek government representative is reported to have told eurozone officials at a teleconference on Wednesday: "There is no way we can go beyond April 9" -- a reference to an impending International Monetary Fund repayment deadline. The claims were later "categorically" denied by the finance ministry.

The warning shot came as creditors failed to rubber stamp Athens' latest bid to unlock vital bailout cash.

Greece's interior minister has already promised to postpone a E458 million loan repayment to the IMF, saying the leftist government would prioritise its payment of public sector wages and pensions rather than adhere to the repayment schedule of the Brussels Group. ...

... For the remainder of the report:

http://www.telegraph.co.uk/finance/economics/11510976/Trust-frays-in-bai...



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