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Greece’s finance minister says his country’s financial situation is “terribly urgent” and the crisis...
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Greece’s finance minister says his country’s financial situation is “terribly urgent” and the crisis could come to a head in a couple of weeks. Yanis Varoufakis gave the warning after eurozone finance ministers met in Brussels to discuss the final €7.2bn tranche(援助资金) of Greece’s €240bn EU/IMF bailout(紧急援助).
Ministers said Greece had made “progress” but more work was needed.
The Greek government is struggling to meet its payment obligations(责任). Earlier, Greece began the transfer of €750m (£544m, $834m) in debt interest to the International Monetary Fund — a day ahead of a payment deadline.
“The liquidity(资产流动性) issue is a terribly urgent issue. It’s common knowledge, let’s not beat around the bush,” Mr Varoufakis told reporters in Brussels. “From the perspective of timing, we are talking about the next couple of weeks.”
Greece has until the end of June to reach a reform deal with its international creditors. Its finances are running so low that it has had to ask public bodies for help. The crisis has raised the prospect that Greece might default(违约) on its debts and leave the euro.
In a statement, the eurozone finance ministers said they “welcomed the progress that has been achieved so far” in the negotiations,” but added: “We acknowledged that more time and effort are needed to bridge the gaps on the remaining open issues.” Eurogroup chairman Jeroen Dijsselbloem said there had to be a full deal on the bailout(紧急财务援助) before Greece received any further payments. “There are time constraints(限制;约束) and liquidity constraints and hopefully we will reach an agreement before time runs out and before money runs out.” he said.
There had been fears that Greece would default on its IMF debt repayment due on Tuesday. However, a Greek finance ministry official was quoted as saying that the order for repayment had been executed(实施) on Monday. Almost €1bn has been handed over to the IMF in interest payments since the start of May.
It is unclear how the government came up with the funds, but the mayor of Greece’s second city Thessaloniki revealed last week that he had handed over cash reserves in response to an appeal for money.
1.What is Yanis Varoufakis?
A. He is Greece’s finance minister.
B. He is an expert in the eurozone.
C. An official of the International Monetary Fund.
D. He is Eurogroup chairman.
2.Which of the following could be the worst result if Greece defaulted on its debts?
A. The International Monetary Fund would cancel the debt of Greece.
B. The EU would help Greece rebuild its financial system.
C. Greece might have to leave the eurozone.
D. The eurozone would accept Greece.
3.Which of the following is the best title of the passage?
A. The EU Get Challenged.
B. The International Monetary Fund Reform.
C. The EU Face Economic Crisis.
D. Greece Two Weeks from Cash Crisis
4.What can we infer from the last two paragraphs?
A. People fear that the International Monetary Fund can’t pay Greece for debt repayment.
B. Greece succeeded in paying interest payments to the IMF.
C. It is unclear how the government came up with the funds.
D. The mayor of Greece’s third city handed over cash reserves in response to an appeal for money.
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