Greece, not again?

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Greece's anti-austerity government may think it's being squeezed by its international lenders but that could be nothing compared to the pressure it faces from the country's voters, experts warn. The left-wing Syriza-led government under Prime Minister Alexis Tsipras has said it would not rush into a referendum or snap election to secure public support for the unpalatable reforms it may need to introduce to secure more funds. But analysts say neither can be ruled out as Athens desperately tries to avert a bankruptcy.

This may be a greater risk for Greece than default

Greece‘s latest bailout repayment to the International Monetary Fund may turn out to be one of the debt-saddled nation’s least expensive payments ever. With its $840 million payment Tuesday, Athens bought itself more time to negotiate new bailout terms with its creditors without having to deplete the country’s piggy banks at home. It pulled off the feat largely by tapping an obscure pot of money: its currency reserves held at the IMF.

Shell Game? How Greece’s Latest IMF Repayment Cost Athens Very Little - Real Time Economics - WSJ

Leaked minutes from the IMF confirm that the country was badly treated and needed immediate relief to break out of a vicious circle, but the EMU powers have never acknowledged their shared blame for the debacle.

Greece's 'war cabinet' prepares to battle EU creditors as anger mounts - Telegraph

Greece’s anti-austerity government needs to raise at least three billion euros ($3.4 billion) through additional fiscal measures by the end of this year to meet the minimum budget targets acceptable by creditors, an official with knowledge of the discussions said.

Greece’s Creditors Said to Seek 3 Billion-Euro Budget Cuts - Bloomberg Business