Greece says it will make €460m bailout repayment to IMF on time

Athens moves to quell fears of a default after a series of contradictory statements by saying it is ready to make the repayment on time on 9 April

Senior Greek officials are racing to calm fears that the debt-laden country will fail to make a crucial repayment next week - a move that could push the nation into default and create mayhem in the financial markets.

Ahead of a 9 April deadline to pay a460m (340m) to the International Monetary Fund, there are concerns that Greece does not have the cash and risks a rare default on a loan.