You are here

Greece battens down the hatches as potential default and Grexit loom

While the intensifying crisis could yet be resolved before the May repayments to the IMF, this is far from sure.
Wednesday, April 22, 2015 - 05:50
BT_20150422_AHGREECE_1629648.jpg
Mr Tsipiras insists he wants Greece to keep the euro, but doesn't appear to have a clear strategy for negotiating with creditors.

AS EU finance ministers prepare to meet on Friday, Greece issued a legislative decree on Monday to tap pockets of cash reserves across the public sector. The money is believed to be needed to pay civil service salaries and pensions this month, plus potentially paying off the next tranche of