Greek Minister: money to the IMF is not a regular payment – BBC Russian

• 24 May 2015

Share

Greece four months negotiating with his creditors

Greece will not be able to make the next payment on the loan the IMF, scheduled for June 5 as the treasury has no money, said the Minister of Internal Affairs of the country.

“The four payments to the IMF amount to 1.6 billion euros, the the money will not be paid, they are not “- said Nikos Vutsis broadcast local TV channel.

Greece is trying to negotiate with international lenders on a new program of financial assistance, as well as trying to alleviate the debt burden.

Earlier in an interview with BBC BBC Finance Minister Janis country Varufakis said that Greece has gone on huge concessions in these negotiations and expects reciprocal steps from their partners.

He added that the country’s withdrawal from the euro zone would be a “catastrophe” for Greece, but it will mean the end of the project of a single European currency.

“Greece has made tremendous efforts to reach an agreement. Now the “institutions” [the ECB and the IMF] should do the trick. We went to meet them at 75%, they have to go to meet us for the remaining 25%, “- said Varufakis.

” We must make it clear to our creditors that are not in their interests to beat the cow that gives milk, because at the end of milk for them will not remain “- the minister added.

Before the beginning of June, Athens will not be able to negotiate with the international creditors on debt restructuring, the country is on the brink of default.

It is the duty of 175% of GDP

The total debt of Greece is now 323 billion euros – is 175% of GDP.

“We must make it clear to our creditors that are not in their interests to beat the cow that gives milk “- said Janis Varufakis

Since the beginning of the financial crisis in the EU in 2010 the country’s GDP fell by 25%, while youth unemployment has reached 50% (the corresponding figures on the average EU – minus 11.4% and minus 23%).

The Interior Minister Nikos Vutsis left many other members of the ruling party in Greece’s radical left party, “Syriza”, but that does not mean that his point of view marginal, the analyst Bi-bi-si Joe online.

Some believe that the Greek Prime Minister Alexis Tsipras deliberately lets his ministers to make sharp statements to put pressure on lenders and in Brussels and Berlin.

At the same time, the statements made by the Minister of Finance Janis Varufakisa should be treated with some skepticism, said online as it moved away from the negotiation process with creditors, who personally supervises the Prime Minister Tsipras.

The Greek Government The EU and the IMF for four months in talks on the reform of the Greek economy, which Western institutions link the additional financial assistance to Athens.

The last time Greece received help from its international creditors in August 2014, and it urgently obtain the latest installment of this assistance amounting to 7.2 billion euros.

But for this she needs to make the next payment on the loan the IMF by 5 June. If Athens will fail to reach an agreement with its creditors, many fear that it will have to declare a default.