At the end of those who were previously only fears that gripped the markets and stock markets, pushing them to be cautious, have become reality: Greece will soon be insolvent, ie it will not be able to repay the debts it has contracted with Europe and above all with the International Monetary Fund.
“The four installments to the IMF worth a billion 600 million, this money will not be ‘paid and not catered’ to be paid, “said Interior Minister greek, Nikos Voutsis, in an interview to Greek TV station Mega.
Greece is waiting for the final tranche of aid from the EU amounted to 7.2 billion, which could come by the end of May: this money would able to cover the debt with the IMF, which set the deadline on June 5, while the remaining would serve to repay 6.7 billion to be returned to the European Central Bank in the summer.
Yet we are still far from an agreement with the European Commission to break the trance of aid, despite the Greek ministers are sure to have made the best they can to meet the demands of the Eurogroup.
“Greece has made enormous strides to reach an agreement. We did three quarters of the way, they now have to come to us for a quarter of the way. In the last four months, Greece has not only had to manage the payment of salaries and pensions, but had to pull out from the public 14% of GDP to meet its commitments with international creditors. At some point we will not be able to do that, “said Yanis Varoufakis Instead, Finance Minister, answering questions from the BBC.
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