Greece Has Cash to Make IMF Payment Next Week, Minister Says

From bloomberg.com

Greece and euro-area authorities are in negotiations about a package of measures proposed by the government to repair its economy, a condition for the release of bailout funds. The standoff has left the nation’s banks dependent on European Central Bank loans, with Greece facing risk of a possible default within weeks and a potential exit from the euro area. Prime Minister Alexis Tsipras will visit Moscow next week, with Russia ready to discuss easing restrictions on Greek food products, according to Russian government officials. Russia isn’t considering financial assistance to Greece, they said. Greece and ... (full story)