A woman walk past Greek flags for sale in central Athens, on Wednesday, April 22, 2015. (AP Photo/Petros Giannakouris)
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Greece can scrape together enough cash to meet its payment obligations until June, eurozone and Greek officials said Wednesday, playing down fears of an imminent default as hopes receded of a deal with its creditors to release fresh aid.Greece has received two international bailouts worth 240 billion euros since 2010 but its economy has shrunk by some 25 percent, unemployment has soared and a leftist-led government elected in January has refused to complete a reform program that includes measures it says worsen the economic slump.Greek Deputy Finance Minister Dimitris Mardas said the government aimed to have a 2.5 billion euro ($2.7 billion) cash buffer by forcing state entities to lend to the state in order to cover payments until the end of May.State Minister Nikos Pappas, one of the closest aides of Tsipras, said the government would continue to reject EU/IMF demands for pension cuts and an increase in value added tax on Greek tourist islands.On the other side, EU officials said eurozone governments had rarely been so united in refusing to yield to what they perceive as Greek brinkmanship and hints of default.
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