12-05-2015 12:31 via news.yahoo.com

Greece resorts to emergency account to repay IMF debt

Greece was forced to tap into an emergency account in order to meet a debt repayment of 750 million euros ($845 million) due Tuesday to the International Monetary Fund, a central bank source told AFP. "That was an initiative by the Bank of Greece's governor to break the deadlock," said the source. Greece's financial situation is increasingly dire and Finance Minister Yanis Varoufakis warned that his country risked running out of cash in two weeks if no deal was reached by the
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