Grexit is a possibility, warns head of IMF

Christine Lagarde says deal with Athens is unlikely in next few days, after Greece's lead negotiator claimed high-level intervention was needed in talks

The head of the International Monetary Fund has warned that a Greek exit from the eurozone is a "possibility" as debt talks reach a critical stage.

Christine Lagarde said a deal with Athens was unlikely to be reached over the next few days, as the indebted country strives to meet a 5 June deadline for a a305m (218m) payment to the IMF. In an interview with the Frankfurter Allgemeine Zeitung, the IMF managing director said: "A Greek exit is a possibility."

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