International Monetary Fund and Economic Reforms

economic reforms: Greece needs more loans from its creditors, which include its fellow eurozone states and the International Monetary Fund, in time for June 30, when it faces a debt repayment it can’t afford, according to The Japan Times. The country has been negotiating for four months what economic reforms it should make to get the money. Ahead of an emergency summit in Brussels, German Chancellor Angela Merkel warned against expecting too much on Monday, saying there are still a lot of days left to reach a decision. After Monday meetings of eurozone finance ministers and European leaders, another leaders’ summit is planned for Thursday and Friday. Ahead of the meetings, Greek Prime Minister Alexis Tsipras made new proposals on the economic reforms and budget cuts his country would accept. Jeroen Dijsselbloem, who heads the eurozone meetings of finance ministers, said it would be impossible to get a final assessment Monday. (news.financializer.com). As reported in the news.