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Greek Finance Minister Dismisses Reports That Greek Could Default on Debt Repayments

Greek Finance Minister Dismisses Reports That Greek Could Default on Debt Repayments

The Greek Finance Minister has dismissed reports that were published in a German newspaper that the country could default on its debt repayments in July.

Euclid Tsakalotos told Reuters that "Bild has distorted what I said yesterday. I never said that Greece would not repay debt in July. There is no such issue."

Tsakalotos also urged the Eurozone to reach a deal on debt relief soon and end their "procrastination".

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Greece's national debt currently sits at nearly 180% of annual output.

This article was written by a staff member of TheStreet.