IMF Warns No Leeway on Payment as Merkel Urges Greece to Bow

(Bloomberg) -- With Greece’s fate in the balance, European finance ministers converge on Luxembourg with little hope for a deal as German Chancellor Angela Merkel seeks to restore calm to increasingly rancorous exchanges. (Source: Bloomberg)

International Monetary Fund chief Christine Lagarde said Greece won’t be given a grace period if it fails to make a payment at the end of the month as Chancellor Angela Merkel said there’s still time to reach a deal on aid.

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