A Greek official has warned the country will go bankrupt on 5 June, when a €300m (£214m) payment to the International Monetary Fund is due, if a deal on extra bailout cash is not wrapped up by then.
“Now is the moment that negotiations are coming to a head. Now is the moment of truth, on 5 June,” government spokesperson Nikos Filis told Greek TV.
“If there is no deal by then that will address the current funding problem, they won’t get any money.”
EU Economic Affairs commissioner Pierre Moscovici yesterday said that such a deal was “doable”.
Prime Minister Alexis Tsipras will be in Riga, Latvia, today for an EU summit designed to boost ties with eastern Europe. He is expected to try and use the sidelines of the event to drum up political support for a less stringent agreement.
Greece is yet to reach a deal with technical teams in Brussels, despite officials insisting earlier this week that such a deal would be struck within days. Once technical teams agree on the set of reforms, there will be a meeting of Eurozone deputy finance ministers followed by a meeting of finance ministers – a Eurogroup meeting.