Greece warned IMF may block payments

The chairman of the eurozone finance ministers has warned that the IMF may not release the next payment in Greece's bail-out package.

Luxembourg Prime Minister Jean-Claude Juncker said IMF rules may stop it paying because Greece cannot guarantee its solvency for the next 12 months.

George Papandreou's government began a programme of privatisations yesterday but Mr Juncker said the privatisation plan needs to be more ambitious.