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Greece will be unable to make its debt repayments to the International Monetary Fund (IMF) next month unless it can reach a deal with creditors, its interior minister said.

http://www.abc.net.au/news/2015-05-24/greece-unable-to-make-june-imf-payment/6493504

Greece IMF showdown entering dangerous final phase
Just last week, Greece made a $US485 million repayment to the IMF on its massive debt of $US260 billion to ease concerns about debt default.

In return, Greece asked for more emergency cash to keep the government running so it can maintain social services could pay public sector workers.

But the IMF and eurozone leaders, led by Germany, said "no" and demanded that the Greek government deliver on promised economic reforms within six days.

The deadline for the updated reform strategy is now up and, rather than signal it would comply, Greek finance minister Yanis Varoufakis is giving every indication that the default prospect is real.

"We need to convince our partners, especially in northern Europe, that this government is not about going back to the profligacy of yesteryear," Dr Varoufakis said in Washington.

"They need to convince us that they are serious about rebooting a series of measures, programs, fiscal consolidation plan that has (to date) failed.
http://www.abc.net.au/news/2015-04-17/greece-imf-showdown-entering-dangerous-final-phase/6400052