Athens Sees EU Deal Soon, Greeks' Approval of Government Stance Dwindles


Greece's labor minister said on Tuesday Athens would soon conclude a deal with its foreign creditors that could unlock further loans to the cash-starved country.

Greece's new government has been in talks with its European Union and International Monetary Fund lenders over the past four months about the release of around 7.2 billion euros ($8.1 billion) in aid.

Asked on Greek TV when Athens would reach the cash-for-reform deal, Labour Minister Panos Skourletis said: "De facto, in the coming days."

"There's a deadline, which is June 5," he said - the date on which Greece's next repayment of a loan to the IMF falls due. "We all know that if there is no solution, let's say until then, in relation to funding, things will be difficult.

Greece faces payments of about 1.5 billion euros to the IMF next month. It made its last repayment of about 750 million euros to the IMF last week by emptying a holding account at the Fund.

Speaking on a late-night talk show on Monday, Finance Minister Yanis Varoufakis said the government hopes it can both make debt repayments and pay wages and pensions in June, but if it has to choose, it will choose the latter.


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