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

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

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

This article was written by a staff member of TheStreet.