Eurozone debt crisis: Greece admits it cannot make loan repayments

GREECE raised new fears of eurozone collapse yesterday after saying it could not afford an international loan repayment due next week.

nterior Minister Nikos Voutsis, whose Syriza party was elected earlier this year on a left-wing, anti-austerity ticket,  told Greek TV his country did not have the £1.1 billion expected by the International Monetary Fund on June 5.

The Greek government is being told by the IMF and EU to make more reforms in exchange for a further £5 billion in bailout cash to stave off bankruptcy.

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