Monday 5 December 2016

This time it really is the end game in the Greek crisis

Brian Hayes

Published 03/06/2015 | 02:30

There was no sign of conciliation in what Alexis Tsipras had to say to Europe. If anything, the rhetoric has hardened.
There was no sign of conciliation in what Alexis Tsipras had to say to Europe. If anything, the rhetoric has hardened.

The only constant in the ongoing Greek crisis has been a recurrence of delays. As the negotiations rumble on and on, the scale of Greece's problems are mounting by the day.

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Greece is running out of cash fast. The latest twist involves local authorities who have been ordered to transfer funds to the central government so that pensions and wages can be paid. This cannot go on and finally there is a realisation in Brussels that after all the talking, Greece must now decide what it wants to do.

On Friday, Greece is due to repay €300m to the IMF. This is one of four instalments due to the IMF during the month of June, totalling €1.5bn.

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