Greece is bankrupt and will default on a debt repayment to the International Monetary Fund that is due in two weeks, the country’s interior minister said yesterday.
The declaration comes as the left-wing government struggles to pay pensions and public sector wages, and talks between Greece and the IMF remain deadlocked.
“The four instalments for the IMF in June are €1.6 billion. This money will not be given and is not there to be given,” Nikos Voutsis said.
Without a deal to unlock eurozone loans, Greece will be unable to pay IMF bailout instalments due next month, with further payments of more than €5 billion owed to the eurozone and the fund in July.
The first repayment to the IMF of €307 million falls due