The Traderszone Network

Published in TZ Latest News 25 April, 2015 by The TZ Newswire Staff

Greece, lenders must reach deal by early May, Deputy PM tells paper

Greece and its lenders must reach a reform deal by early May to address Greece’s need for cash, Deputy Prime Minister Yannis Dragasakis said in an interview with a Greek newspaper published on Saturday. Shut out of international markets and locked in talks with its European Union and International Monetary Fund creditors over its proposed reform-for-cash deal, Greece risks running out of cash within weeks. Athens must pay the International Monetary Fund almost 1 billion euros ($1.1 billion) in May. It has said it wants to honor its obligations and needs lenders to offer something in return.

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