Greece has no money to pay the IMF this June, says interior minister Nikos Voutsis

Billy Ehrenberg
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Greece needs to agree to reforms before it can receive bailout money from its creditors (Source: Getty)

Greece’s interior minister has said that the country cannot afford its 5 June payment to the International Monetary Fund.

Greece owes the IMF €1.6bn (£1.1bn) in June, but Nikos Voutsis said on Greek TV that Athens simply doesn’t have the money to pay:

The four instalments for the IMF in June are €1.6bn, this money will not be given and is not there to be given.

Greece’s position in the EU is strained, with the country still needing to secure a deal with both the EU and the IMF in order to receive much-needed bailout funds. The EU wants Greece to propose and impose reforms before the money is handed over.

Whether or not Voutsis’s words are accurate is unclear: there are theories that Prime Minister Alexis Tsipras allows his minister to have their heads in interviews to leave him with more negotiating power during meetings with the country’s creditors.

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