The Greek finance minister has admitted his country may have just enough
cash to meet its financial commitments for a "couple of weeks".
Yanis
Varoufakis was speaking after a meeting of his eurozone counterparts
in Brussels as Greece confirmed it had scraped together enough money to
make an International Monetary Fund (IMF) repayment of €750m due on Tuesday.
A source at
the Greek central bank said an emergency account was used to meet the bill.
The country
has been unable to shake off worries about its liquidity because of the failure
to unlock €7.2bn being withheld by creditors who want financial reforms in
return for the aid.
A default
could send Greece crashing out of the euro and the IMF admitted on Monday it
was working with countries on contingency plans for such an eventuality.
Greece
is running out of time. It faces a
punishing debt repayment schedule in the coming weeks, owing another €1.5bn to
the IMF in June and then another €3bn to the European Central Bank (ECB) in
July and August. Athens has
been squeezing funds from the central and local governments to be able to meet
its payments.
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