“Greece on June 5 bankrupt” – Telegraaf.nl

ATHENS –

If nothing changes on June 5. Greece can no longer meet its international obligations. The country needs to almost EUR 300 million to the International Monetary Fund (IMF) transfer, which is impossible without a prior agreement with lenders

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The group stressed the spokesman Nikos Filis of the ruling Coalition of Radical Left (SYRIZA) Alexis Tsipras of prime minister. The installment on June 5 is just the start of a costly month of June. Athens needs a total of EUR 1.5 billion to pay the IMF and civil servants and pensioners expect payments.

Filis spoke Wednesday before the television station ANT1. He said that Greece foreign creditors can not pay because the lenders for a year none have made, such as the 7.2 billion inherited from the expiring emergency loan program.

Threat

It is also a threat to any of the lenders. If that does not quickly come across the bridge, a euro country is its financial obligations after. European lenders and the IMF have been demanding for months that Athens first presenting a clear plan, which the country does not exceed the debt crisis to come. Economic reforms and drastic cuts that had been performed under Tsipras’ center-right predecessor Samaras, are essential according to the lenders.

Press

Syriza came to power in January with the election promise not to cut and unpopular reforms to reverse. This is the left-wing government of Tsipras still on a collision course with the other euro countries, the EU and the IMF. Whether that is solved for June is uncertain. Moreover Tsipras under pressure from parliamentarians from his own faction not to give in and to fulfill the election promises. Finance Minister Yanis Varoufakis that lenders like to irritate Wednesday threw back some oil on the fire by his German colleague “power politician” Wolfgang Schaeuble to blame again. To still have some on hand, Athens reportedly considering levying a tax on all bank transactions exceeding EUR 500

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