By Renee Maltezou, includes “Greece intends to make good on its debt obligations but needs aid urgently to be able to do so, the government said on Monday, after several senior officials insisted Athens had no money to pay a loan installment falling due next week. Shut out of bond markets and with bailout aid locked, Greece is running out of cash to pay its bills. It must repay four loans totaling 1.6 billion euros ($1.76 billion) to the International Monetary Fund next month, starting with a 300 million euro payment on June 5 that is seen as the next crunch point for state coffers…”
Read the full article on: Reuters