The Traderszone Network

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

Greece nears debt deal in May as money runs low

Greece is near a cash-for-reforms deal with its euro zone partners and the International Monetary Fund that would help it meet debt repayments next month, the country’s finance minister said on Monday, as worries persist over a possible bankruptcy. Athens has been defending its “red lines” in talks with lenders, refusing to yield on further pension cuts and more labor market liberalization to clinch a deal that would release remaining bailout aid, despite a pressing cash crunch. “I think we are very close (to a deal) …

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