Greek Minister Says Default Imminent
The jig may soon be up. Greece’s interior minister is again warning that Athens will be unable to meet its $1.75 billion IMF payment in June while also paying wages and pensions. Prime Minister Alexis Tsipras’ government has vowed not to default on its domestic obligations, and because it scrounged up the money last time, some regard the drama as a negotiating tactic. But other Greek officials are echoing the fear, saying that a bailout — not necessarily from eurozone creditors — is needed to stave off bankruptcy and a Grexit.