Greek debt talks rumble on as repayment deadlines loom

Jessica Morris
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Greek finance minister Yanis Varoufakis joined protesters in Athens on Friday (Source: Getty)

High stakes talks between Greece and its creditors will continue through the May Day holiday until Sunday, as the cash-strapped country trys to thrash out an agreement ahead of its looming debt repayment deadlines.

A team of Greek officials are meeting with representatives from the International Monetary Fund (IMF) and the European Central Bank to discuss which reforms Greece will turn into legislation in exchange for aid.

Earlier reports suggested that the Greek government made some of the biggest concessions of the talks so far, as it attempts to balance pressure to strike a deal, alongside its commitment to anti-austerity principles.

And yet the clock is ticking for Greece, which is scheduled to pay €200m to the IMF on May 6, ahead of a massive €750m (£555m) payment due May 12.

It comes against a backdrop of anti-austerity protests which engulfed Athens yesterday, with protesters gathering to voice grievances over the €240bn (£185bn) bailout program.

Greece's firebrand finance minister Yanis Varoufakis was among the members of ruling Syriza party who joined protestors on the streets of the capital.

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