Greek Finance Minister Calls For ECB Repayment Delay | Fox Business

Greece's debt repayments to the European Central Bank should be pushed back to "the distant future", the country's finance minister has urged, Reuters reported Thursday. Speaking at a conference in Athens Thursday, Yanis Varoufakis reportedly said Greece's debt schedule is not viable, noting that over July and August it will be forced to borrow 6.7 billion euros to repay bonds bought by the ECB under the Securities Markets Program. On Tuesday, Athens completed a 750-million-euro ($836.7 million) loan repayment to the International Monetary Fund, but was forced to raid an emergency account held by the country's central bank to do so.