Greece Moves to Pay Debt, but European Finance Ministers Unsatisfied
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Yanis Varoufakis, the Greek finance minister, said after Monday’s meeting that a deal with Athens’s creditors was “getting closer.” CreditJohn Thys/Agence France-Presse, via Getty Images
BRUSSELS — The government of Greece, quickly running out of cash, moved on Monday to quell fears of an imminent default on its debts, authorizing its treasury to make a big loan payment to the International Monetary Fund.
While Athens once again managed to pull together enough cash to avoid a default, it is not clear how much longer Greece can continue to scrape by.
Unless creditors agree to more aid, Greece will have trouble making a series of looming debt payments. The continuing standoff over the aid — and the uncertainty it has created — has darkened the outlook for the country’s economy, which risks another downturn…
Greece Moves to Pay Debt, but European Finance Ministers Unsatisfied
