Greece: cannot meet bailout agreement without deal
A prediction has been released stating that Greece will not be able to make the payment to the IMF on June 5th as previously arranged, without a striking a deal with its TROIKA international lenders, Greece’s parliamentary speaker from the government stated this week.
Athens must make payment in instalments totalling approximately €1.4 billion to the IMF next month and is currently discussing cash-for-reforms negotiation with the EU and the IMF to make an arrangement to keep afloat financially.
Greece’s European lenders, the TROKIA attempted to diminish the gravity of the situation, and Greece’s hopes of an offered aid agreement need to be hurried, before the country runs out of funds.
It is hoped for the government to seek a deal that will not be required to cut pensions, instead, for lower budget excesses and further restructuring of debt.
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