Latest update: 21/09/2011
Fears grow over possible Greek default
The IMF has told Greece it needs better tax collection and further reforms to deal with its massive debt. This warning comes as Athens continues talks with the IMF, EU and ECB over the next 8-billion-euro slice of its bailout money - which it needs by next month to avoid defaulting on its debt. Some analysts say a default is now inevitable - not something that European leaders want to hear.