Greek debt crisis: Country will not make deadline for key payment to IMF, finance minister says.
Greek finance minister Yanis Varoufakis says his country will not make the deadline for a key payment to the International Monetary Fund, placing it on course to default.
The government owes about 1.5 billion euros to the IMF by June 30, but Mr Varoufakis said he was hoping to clinch a last-minute deal with creditors on an aid package.
The banks remain closed until July 6, but the streets are still full in central Athens.
A referendum this weekend will see the country decide whether to accept the terms that come with the latest bailout package.
Greek prime minister Alexis Tsipras urged citizens to vote "No" to the austerity measures, calling the bailout package insulting.
Many believe a "No" vote will almost certainly see Greece leaving the eurozone.
orgianal found herhttp://www.abc.net.au/news
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