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Greece warns it is set to default on debt repayment loans

The interior minister has said that Greece cannot make a repayment to the International Monetary Fund (IMF) due on 5 June as it does not have the money.

Greece has threatened to default a total of €1.6 of debt repayment next month, claiming it does not have the funds to satisfy creditors at the same time as paying wages and pensions.
“The four instalments for the IMF in June are €1.6bn, this money will not be given and is not there to be given,” Nikos Voutsis told Greek TV.

Yanis Varoufakis said Greece had worked hard to meet its end of the deal with its lenders, and that now it was up to the international institutions to reciprocate. He recently told the Andrew Marr show that the government had “made enormous strides at reaching a deal”, and that it is now up to the European Central Bank, IMF and European Union to do their bit and “meet us one-quarter of the way”.