Greece scrapes bottom of barrel to pay civil servants their wages end of April - 2 bn
On April 24, EU minister's meeting, Greece hoped to get the last loan out of the bailout program, 7,2 bn. But all sides concede that a breakthrough is unlikely by an end-of-April deadline they set to unlock the latest batch of bailout loans, which have been delayed from last summer and are worth 7.2 billion euros ($7.7 billion).
Greek needs to repay IMF 1 bn by May 12, 2015
http://www.independent.ie/business/world/greece-scrapes-bottom-of-barrel-to-pay-civil-servants-their-wages-31151798.html
But that - repayment of IMF by May 12, 2015 - will be impossible if zero bailout money will be given to Greece on or after April 24.
Looking forward to April 24, EU creditors have stated 'no way' Greece will get money with currect reform list. On the other hand Greece remains defiant and does not want to rewrite is economic plans closer to IMF wishes: http://www.964eagle.co.uk/news/business-news/1590204/greece-defiant-as-clock-ticks-on-debt-deal/
Fugures:
• Greek finance officials say the government will only just manage to pay wages
• State currently faces US $2.16-billion shortfall for public sector salaries
• Also needs to pay US $950m to IMF in mid-May
Philippe Blankert, 19 April 2014, blogger here one http://euro-drachma-grexit.blogspot.nl/ AND domain name owner of http://www.δραχμή.gr/ which is FOR SALE (email: internetavenue@outlook.com)
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