02:01 GMT31 October 2020
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    The Greek finance ministry on Thursday refuted reports that claimed Varoufakis had floated the idea of a debt default at a meeting with Lagarde.

    ATHENS (Sputnik) — The Greek finance ministry on Thursday refuted reports that claimed Greece's financial chief Yanis Varoufakis had floated the idea of a debt default at a meeting with the International Monetary Fund (IMF)'s head Christine Lagarde in Washington, US.

    Asked if Greece inquired about post-default procedures with the IMF, Varoufakis said this was not true, the ministry's press service told RIA Novosti.

    Some media reports indicated earlier that the Greek government was considering defaulting on its debt to the international money lender if it fails to reach a deal with its creditors by the end of April. Greece risks running out of cash in case it cannot unlock the next loan tranche.

    The Greek finance minister is in the US capital for the 2015 Spring Meetings of IMF and the World Bank, a series of seminars and conferences on economic and development subjects, scheduled for this weekend.

    This week's meetings come at a crucial time for Greece, which repaid a $485-million loan to the IMF last week but still owes some $270 billion to its European lenders and IMF, as it attempts to fight off bankruptcy while adhering to strict economic reforms.

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    Tags:
    default, International Monetary Fund, Christine Lagarde, Yanis Varoufakis, Greece
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