Athens desperately needs £4BILLION worth of aid from creditors but is refusing to make any further cutbacks to government spending. The payment is part of a third bailout agreed for Greece last summer as the country reached the brink of bankruptcy and almost crashed out of the bloc.

Now the left-wing government is resisting pressure by creditors to make unpopular economic reforms including changes to taxes and pensions that were agreed under the deal. The country could now run out of money by the middle of May, according to Greek paper Ekathimerini. FULL REPORT