Yannis

Greece tapped its emergency IMF reserves to pay IMF debt [Update]

By Lefteris Papadimas & George Georgiopoulos

Greece emptied an emergency IMF holding account to repay 750 million euros ($839 million) due to the international lender, a Greek central bank official said, avoiding default but underscoring the dire state of the country's finances.

Varoufakis after Eurogroup: Deal pending, liquidity an urgent problem

Greek Finance Minister Yanis Varoufakis showed spunk and smiled on Monday after the Eurogroup meeting in Brussels, a dramatically different result from the previous informal session in Riga, where he stated that he “welcomed hate”.

Unburdened by other Greek ministers at his side, he noted that a deal is possible within a couple weeks.

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