Greece unable to pay June IMF installments: Minister

‘Greek Interior Minister Nikos Voutsis says the country will not be able to pay the next installments of a huge debt to the International Monetary Fund (IMF) scheduled for early next month.

“The four installments for the IMF in June are 1.6 billion euros ($1.8 billion). This money will not be given. There isn’t any to be given. This is a known fact,” said Voutsis in an interview with Greek television network Mega TV on Sunday.

Voutsis, however, added that Athens and its international creditors are still holding talks “on the basis of cautious optimism that there will be a strong agreement”.’

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