The Traderszone Network

Published in TZ Latest News 18 May, 2015 by The TZ Newswire Staff

Greece says can pay wages and pensions, needs deal by end of May

Greece’s government will pay public-sector wages and pensions in May but needs an agreement with creditors by the end of the month, its spokesman said on Monday, amid growing fears the country is on the verge of bankruptcy. Without aid or access to debt markets, Athens is close to running out of money – it had to empty an International Monetary Fund reserves account to make a debt payment to the IMF last week. Investors dumped Greek stocks and bonds on Monday over worries Athens could miss a payment due next month.

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