ANKARA
Greece will miss its payment due to the International Monetary Fund (IMF) on Tuesday, Greek Finance Minister Yanis Varoufakis has said.
When asked whether Greece would be able to pay the €1.6 billion euros ($1.78 billion) it owes to the IMF by the Tuesday deadline, Varoufakis told the press: “No”.
The comments came Tuesday amid speculation by the Greek media that the government was willing to reconsider the latest bailout proposals from European Commission President Jean-Claude Juncker.
The proposals include further concessions from creditors on debt relief, which might become available in October, and on aid to low-income citizens, as well as reducing value-added tax on hotels.
Moderates in the ruling Syriza coalition are reportedly pressing Greek Prime Minister Alexis Tsipras to engage in last-minute negotiations, ahead of a Greek default on its $1.8 billion in obligations to the IMF.
