Greece will make its next 750 million euro payment to its creditors tomorrow

Today, May 11, the Greek government is reporting that it will make a 750 million euro payment due to the International Monetary Fund tomorrow, May 12, by the deadline. That leaves Greece facing a terrifying payment schedule of another 1.5 billion euros to the IMF in June, 3 billion euros to the European Central Bank in July, and another 3 billion euros to the ECB in August.