Greece's economy minister George Stathakis has told RTÉ News that a potentially damaging debt default by Greece was "out of the question."
He said that Greece defaulting on an International Monetary Fund loan, due for repayment on 12 May, would trigger "enormous instability" in the country, with "very, very negative effects".
However, Mr Stathakis also declared that Greece did not have the resources to repay two European Central Bank loans, amounting to some €7.6 billion, which fall due in July and August.
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