Nout Wellink, a member of the European Central Bank governing council, said he was "confident" Greece will meet conditions to get money from the International Monetary Fund next month as Greek political leaders failed to agree on how to resolve the country's debt crisis...

Yesterday Jean-Claude Juncker, the chairman of European Finance Ministers, warned that Greece could be disqualified from claiming part of its next cash injection from the IMF. Mr Juncker said the stricken country was unlikely to be able to guarantee its funding over the next 12 months, preventing the IMF from releasing funds under its own rules.

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