British Prime Minister David Cameron will hold talks in Scotland with the other big winner in last week’s elections, Scottish nationalist leader Nicola Sturgeon, who has already warned him it cannot be “business as usual” with Scotland.
Greece made a 750 million euros repayment to the International Monetary Fund a day ahead of schedule on Monday but it is not clear precisely how much money Athens has left in its coffers.
After another day of to-and-fro on Greece’s bailout, Finance Minister Yanis Varoufakis said he expected euro zone finance ministers to acknowledge next Monday progress towards a cash-for-reform deal, opening the way to easing Athens’ liquidity crisis.
We’ve heard various dates for when Greece will run out of money and some have already passed without incident but it is clear Athens’ cash position is getting increasingly desperate and it hasn’t yet managed to win over its creditors with economic reform plans.
Euro zone finance deputies are due to hold talks today on how to rescue Greece but appear to have little concrete to work on with Athens yet to produce a new economic reform programme after the first one was declared full of holes.