Greece said it won’t budge on pledges to end austerity measures, despite pressure from creditors who continue to press for a compromise to avert an escalating crisis.
The Greek government hasn't yet come up with a list of reforms to satisfy the European Union it should receive the next tranche of bailout funds. And Athens has been forced to deny it is preparing to default as it runs out of cash to pay its bills.
But the government has to make a payment to the International Monetary Fund of around $1bn within weeks.
And economist Jeremy Cook of World First says the country is closer than ever to an exit from the eurozone.
IN: "We've got...
OUT: ...the door."
DUR: 29 seconds
http://www.fsnradionews.com/feeds/0419greece-cook1.mp3
