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The Economist.

From The Economist in London, this is Money Talks, a weekly conversation around news in business, finance and economics.

I'm Stan Penel, the banking editor, and joining me this week are Callum Williams, our economics correspondent,

and Ed McBride, editor of the Finance and Economic section.

This week we'll talk about Greece's tussle with creditors,

America's shaky economy, and China's gyrating stock markets.

Edward, let's start with Greece. The prospect of Greek

default and with it potentially its exit from the Eurozone seems to be getting

ever closer. Athens has threatened to default on IMF loans not for the first time but at the same time

there seems to be some kind of negotiation paving the way for some kind of deal.

Where do we stand?

Well it is as usual a muddle with Greece where we're not quite clear but it does seem

that we really are really heading towards some kind of a climax in the coming days. Greece has to repay the IMF 300 million euros by the 5th of June.

It has said it will not have the money to make that payment.

As you mentioned in the past, obviously, they've hinted that they won't have the money there,

...