Arab Today, arab today merkel warns greece not much time left to get debt deal
Last Updated : GMT 06:27:20
Arab Today, arab today
Arab Today, arab today

Merkel warns Greece 'not much time left' to get debt deal

Arab Today, arab today

Arab Today, arab today Merkel warns Greece 'not much time left' to get debt deal

German chancellor Angela Merkel (L)
Elmau Castle - AFP

German Chancellor Angela Merkel warned Greece Monday that it did not have much time left to secure a deal to unlock billions in rescue funds.

"There's not much time left. We have to work very hard on this," said Merkel at the close of the G7 leaders summit. Greece desperately needs to secure the release of 7.2 billion euros ($8 billion) in aid funds from its IMF and EU creditors in order to meet debt servicing payments totalling 1.6 billion euros by the end of June.

 

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