ATHENS: The concerns come as voices in Athens have repeated threats to stop paying back their international creditors if no new bail-out cash is released.
A Greece official was quoted in the Financial Times saying: “We have come to the end of the road, if the Europeans won’t release bail-out cash; there is no alternative [to a default].”
Mr Poulsen, who was part of the IMF delegation that met with Greece’s finance minister earlier this month, also issued a warning about Greece’s weak economic performance. Greece avoided defaulting to the IMF last week, successfully paying back a €450m loan. However, the cash-strapped government faces another €200m payment on May 1 and another for €745m 11 days later.
