A man holds a banner during an anti-austerity rally outside the Ministry of Employment in Athens, Greece, on Thursday, May 28, 2015. (AP Photo/Yorgos Karahalis)
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Greece's government will likely scrape through a debt payment next week but has only a short window to overcome wide differences with creditors before the specter of default returns.The government is talking up chances of an aid-for-reform agreement before a roughly 300 million euro payment falls due on June 5 to the International Monetary Fund, which along with the eurozone funds Greece.Greece has already commandeered cash from state entities and raided its IMF reserves, and people close to the government say as of now it does not have enough money to pay both, given the total IMF June bill of 1.5 billion euros in four tranches.If a new round of talks that began in Brussels Wednesday advances well and Athens is confident of a deal to unlock aid before wage and pension payments fall due at the end of June, it will probably make the 300 million payment, these people said.A third option to buy more negotiating time would be to make the June 5 payment but skip either the 340 million euro due on June 12 or two subsequent payments on June 16 and 19 if a deal still appeared distant.
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