04-06-2015, 10:57 PM
No more than €462 million is due the IMF on April 9. A few days later, €1.4 billion in T-bills come due, and in a few more days, another €1 billion in T-bills. Then on May 1, Greece needs to pay the IMF €202 million in interest. In total, Greece has to scrape together a little over €3 billion this month.
Greek officials reportedly have a plan that would 'cause a furor in the markets' - Business Insider
Greeks love the euro. A Grexit is unthinkable for them. They’ve had plenty of experience with the drachma. No one would trust the drachma. The government would devalue it even faster than Draghi can devalue the euro. For the Greeks, the drachma has always been a way for the government to steal from them. They don’t want to return to it. They want to keep the euro. And the most powerful force behind hanging on to the euro? Government officials and politicians, including the current generation, expect to get their rich pensions paid in euros. They don’t want their pensions to be converted to drachmas either!
Greek officials reportedly have a plan that would 'cause a furor in the markets' - Business Insider
Greece must reach an outline funding agreement with its lenders at a meeting of euro zone finance ministers on April 24, its finance minister told a Greek newspaper on Monday. "At the Eurogroup (meeting) of April 24 there must be a preliminary conclusion (of the talks), as per the Eurogroup accord on Feb. 20," Yanis Varoufakis told daily Naftemporiki.