Greek hopes of an extension to pay 747 million Euros after May 12 are rejected by the IMF.
Christine Lagarde states that no payment delays have been granted by the IMF in the last 30 years. And that it is the job of Greek financial ministers to carry on the tedious work of restoring the Greek economy. It is not done by a political last minute agreement.
Christine Lagarde lays out the actions necessary to stabilize the Greek economy. And sees the process gradually picking up.
And what about the rumors that were flying about at the weekend?
Russia denies agreeing to a gas pipeline deal that would bring advanced funds of 5 Billion Rubles in to Greece’s coffers.