The International Monetary Fund has knocked back suggestions Greece will be allowed to delay scheduled bailout payments next month as it struggles to avoid defaulting on its debts.
IMF boss Christine Lagarde says the organisation has never allowed an advanced economy a delay to debt payments and won't be doing so for Greece.
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.
Laith Khalaf from stockbroker Hargreaves Lansdown says time is running out.
IN: "Greece has...
OUT: ...the cash."
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