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Greece meets IMF payback date ahead crucial talks in Brussels


economy

Greece meets IMF payback date ahead crucial talks in Brussels

Greek Prime Minister Alexis Tsipras and former finance minister, now Greece’s central bank chief, Yannis Stournaras held meetings in Athens on the day the country repaid the first €310m installment to the International Monetary Fund.

The talks appeared upbeat and the bank boss offered reassuring words for nervous depositers: “The banks are sufficiently capitalised, and their liquidity is guaranteed. So there is no problem with the deposits, absolutely none. Now it is very important that the next Eurogroup meeting be successful and we are all working to this end.”

The Greek government has sent a more detailed breakdown of its planned economic reforms to Brussels as it attempts to renegotiate bail out terms with international lenders.

The Eurogroup is to hold meetings with finance minister Yanis Varoufakis on Monday.

Time is of the essence as Greek banks only have enough cash to remain solvent for three weeks.

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