Public sector order

GREECE has ordered its public sector bodies to hand over any reserve cash to help it meet a payment due to the International Monetary Fund (IMF).

The country is running out of cash and must repay the IMF nearly euro 1billion ($F2.19b) in May.

It comes after the head of the European Central Bank, Mario Draghi, said Greece needed to do much more if it wanted access to bailout funds.

Negotiators are trying to strike a deal ahead of a meeting of eurozone finance ministers on Friday.

Prime Minister Alexis Tsipras urgently needs money to pay government salaries as well as the country’s debt repayments.

In order to get the funding, he needs to strike a deal with eurozone lenders at the European Central Bank, the European Union and the IMF, and introduce economic reforms.

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