Yanis Varoufakis has pledged that his government will "squeeze blood out of stone" to repay Greek IMF loans - adding that Greece will not be "the first country not to meet its obligations to the IMF."
He told Associated Press that repayments of the costly IMF loans will be priotirised over the country's loans from other institutions. Athens is due to repay some €2bn to the IMF in March.
Mr Varoufakis announced that he will ask EU officials for further assistance to "smooth over a cash-flow hump." It remains unclear how long Greece can continue to fund itself.
Speaking to the Athenian radio station, Parapolitika 90.1 this morning, Mr Varoufakis reiterated Syriza's commitment to rejecting "self-defeating" austerity policies, saying: "If they ask me to continue with the work of austerity I won’t do it."
Eurogroup head Jeroen Dijsselbloem has warned the Syriza-led government that Greece must immediately move to introduce reforms to access bailout funding.
Mr Dijsselbloem says that Greece will be required to show "progress and not just intentions [to introduce policies]" before it can access more money.
German chancellor, Angela Merkel warned today that Greece needs to flesh-out its reform proposals - adding that she wants Greece to enjoy a successful future in the euro zone.
