Greece makes IMF repayment

Greece - shutterstoc#E7F547Greece confirmed it has made its €450 million loan repayment to the IMF today, allaying some fears over the country’s ability to repay its current debts.

Euro zone partners have given the country six working days to improve a package of proposed reforms in order for the currency bloc to consider releasing more funds to the ailing state. Greece is hoping to secure a further €7.2 billion in loans to stave off possible bankruptcy.

As part of its attempts to get back to financial stability, the struggling country is now looking once again at selling state assets, according to Finance Minister Yanis Varoufakis. It has not been specified which tenders will go ahead, but it is believed that the government is looking for public private joint ventures.