make repayment

City Light has begun to review customers “at highest risk” and plans to send urgent notices by the end of September to those who have yet to make repayment arrangements, according to Smith.

The UK has agreed to pay the money but can't until a legal way is found to get round the sanctions that currently make repayment impossible.

“The time is long gone when I could frighten you with a burning wardrobe and force you to make repayment for your crimes. But I wish I could, Tom...I wish I could...”

Katrougalos, a former MEP who joined the Syriza government following its election in January 2015, said Greece was not asking for a cut in the face value of the debt, but measures to make repayment easier.

A large proportion of corporate debt is denominated in foreign currency; devaluation would make repayment harder.