World Economy

Greek Debt Deal Soon

Greek Debt Deal SoonGreek Debt Deal Soon

Greek Finance Minister Yanis Varoufakis has said he expects an agreement with the country’s international creditors within the next week, BBC reported. The government is fast running out of money and is due to make a payment of €1.5b ($1.68b) to the International Monetary Fund (IMF) on 5 June. Varoufakis told Star TV a deal with creditors was “very close” and denied the country might leave the eurozone. “Another currency is not on our radar,” he added. Greece has been locked in negotiations with the EU and IMF over economic reforms they say must be implemented before the final €7.2b tranche of the country’s €240b bailout is released.