World Economy

No Deal, No Payment

No Deal, No PaymentNo Deal, No Payment

Greece will not be able to make a payment to the International Monetary Fund that falls due on June 5 without a deal with its international lenders, the government’s parliamentary speaker said on Wednesday, reported. Athens faces several payments totaling about 1.5 billion euros ($1.7b) to the IMF next month and is in talks with the European Union and the International Monetary Fund to clinch a cash-for-reforms deal before it runs out of money. Parliamentary speaker Nikos Filis, from the ruling Syriza party, told ANT1 television, “If there is no deal by then that will address the current funding problem, they won’t get any money,” he said.