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Greece's government said it won't back down on election pledges to end austerity even while seeking to agree on a deal with creditors as soon as this week to unblock financing and avert a default.More than 110 days of talks between Greece and its creditors have failed to produce an agreement to unlock additional aid from a 240 billion-euro ($275 billion) bailout.Greece still hasn't submitted its reform list, he said.Greece is convinced it can play by different rules from other countries in the 19-member euro area, and the situation around the talks is "not tenable," Yves Mersch, an ECB executive board member, told Luxembourg radio 100.7 Saturday.Greece won't be able to make repayments to the IMF, beginning with a June 5 payment, unless an agreement is reached with international partners before then, the U.K.'s Channel 4 reported Saturday, citing a leaked memo from the Washington-based fund dated May 14 .Tsipras sent a letter May 8 to EU Commission President Jean-Claude Juncker, IMF head Christine Lagarde, and ECB President Mario Draghi, saying that Greece wouldn't be able to pay around 750 million euros due to the IMF on May 12 without financing, Kathimerini newspaper reported Saturday.
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